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Answers: 1.Bench Marking To assess the financial strength of the different entities and industries norms benchmarks are used. There are different of ways of assessing the positions of company performances. ( Orlova and Afonin, 2015). Difference between types of benchmarks: In house benchmarkingis an assessment of a business course to a similar course inside the group. Competitive benchmarkingis a direct participant-to-participant comp...Read More
Answer: Activity-based costing is a costing strategy used by business houses or industries to assign indirect costs to their products; or disburse their income or expenses to different business operations. The activities are often under the head direct costs; however, the allocations are made as a ration of the sales of the total sales. In this system of costing the total pool of cost are being allocated to different activities and then those ...Read More
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