hhh
It means it is worth a lot.
Product cost is also called inventoriable cost because the two terms mean the same thing. These terms mean the cost of manufacturing or buying the product, plus whatever the cost of getting the product ready and in place for sale.
How much you have to pay for something.
No, it is not. cost per 1000 relates to one product that is produced by one company. The item comes in at a cost of so much per 1000 units. If you went to several different suppliers of the same item and got each company's cost per 1000, then you could calculate the mean, or average cost.
benchmarking
A benchmark is the result of benchmarking.
benchmarking is aprocess of acquring benchmark
Global Benchmarking Network was created in 1994.
Maureen P. Sterling has written: 'Benchmarking, cost reductions, and quality of care' -- subject(s): Administration, Benchmarking (Management), Cost effectiveness, Hospitals, Hospitals, Teaching, Mathematical models, Medical care, Medical economics, Organizational change, Teaching hospitals
historic, internal and external benchmarking
Benchmarking is the process of comparing your procedures with those of other organizations that are considered to be leaders (or benchmarks) in those particular areas. Benchmarking has this meaning through the business world, not just in fire and safety. The purpose of benchmarking is to improve the way your organization does things.
for eg: for a product required by a customer, the benchmarking will be done by the customer. it means the product is of good quality which the customer was expecting. Benchmarking means the product has relative performance which is expected.
comparing a company standard e.g financial status against the other company that deals in the same business
hhh
Benchmarking
Organizations and companies use benchmarking to determine where inputs, processes, outputs, systems, and functions are significantly different from those of competitors or others.