The industry-low, industry-average, and industry-high costs benchmarks in each i

Question

The industry-low, industry-average, and industry-high costs benchmarks in each issue of the Footwear Industry Report are of considerable value to the managers of companies pursuing a low-cost strategy but are of very limited value to managers of companies pursuing all other strategies are of little value to company managers in making decisions to improve company performance in the upcoming decision round, except in those cases when a company is losing money are only of value to the managers of companies whose costs are above the industry averages Oare particularly valuable to company managers who are actively considering adding new plant capacity in the upcoming decision round are worth careful scrutiny by the managers of all companies because they help managers determine the degree to which their company's costs for the benchmarked cost categories are competitive with those of rival companies

Explanation / Answer

The correct answer is Option E: are worth careful scrutiny by the managers of all companies because they help managers determine the degree to which their company's costs for the benchmarked cost categories are competitive with those of rival companies.

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