Asked by Marinda Carraway on May 09, 2024
Verified
Performance measurement is important because:
A) it allows firms to rate competitors.
B) without it, managers would not know how the global economy is doing.
C) companies presently operating in the European Economic Community need to understand how its competitors are doing.
D) lower-level metrics in an organization must connect directly to the high-level performance to achieve goals.
Performance Measurement
The process of collecting, analyzing, and/or reporting information regarding the performance of an individual, group, organization, system or component.
High-Level Performance
Refers to achieving superior outcomes or results in a particular activity, task, or process, often exceeding standard expectations.
European Economic Community
A regional organization aimed at integrating the economies of its member countries, a precursor to the European Union.
- Recognize the importance of performance measurement in supply chain management.
Verified Answer
Learning Objectives
- Recognize the importance of performance measurement in supply chain management.
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