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Makan Segar Bhd (MSB) is a company engaged in the business collecting agriculture produce from...

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Accounting

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Makan Segar Bhd (MSB) is a company engaged in the business collecting agriculture produce from farmers, processing the product and distributing it to the malls. The following is the information related to the company's performance evaluation Target Up to 6% 2015 4% RM220 230 to 240 20 Revenue growth Average selling price per product Industry average selling price (RM) Numbers of malls buying MSB's product Client retention rate Employee retention rate Wastage of raw material Industry average New products launched Average time taken to launch a new product 2016 5.5% RM235 240 to 250 25 50% 77.5% 5% 2.5% 4 3 months 46% 78% 3.5% 3% Increase by 10% Increase by 5% 79% 2.5% 3 months 2 months Required: a) Explain the concept of Balance Scorecard. (9 marks) b) Assess the performance of MSB using the Balance Scorecard. (12 marks) c) Suggest TWO (2) ways to improve the performance measurement system in MSB. (4 marks)

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