Question 2 Question 3 Question Question 5 Question 6 Question 7 The plant and pr

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Question 2 Question 3 Question Question 5 Question 6 Question 7 The plant and production cost benchmarking data reported in each issue of the Footwear Industry Report o always merit close examination because they enable company managers to check whether certain aspects of production costs at company plants are competitive with the costs of rival Question 8 companies and whether actions should be taken in the upcoming decision round to reduce one Question 9 or more production cost components that are excessively high & Question 10 Question 11 Question 12 Question 13 Question 14 is of value only to companies pursuing a strategy to be the industry's overall low cost provider of branded footwear companies producing high-quality branded footwear can learn nothing from this data about how their production-related costs compare with production-related costs of other makers of high-quality branded footwear o is of little value to company managers in making production-related decisions for the nextOuestion 15 Question 16 decision round because it does not identity which specific company has the lowest costs for each of the production cost benchmarks Q rating (6-star or Question 17 Question 18 Question 19 O is of little value to companies producing branded footwear with a high S/ higher) because such companies will always have above-average costs for materials costs, for labor costs per pair produced, and for reject rates &Question; 20 . is of little value to company managers in making production-related decisions for the next decision round because it does not show each company's overall manufacturing costs per pair &-Answered produced at each plant ONo Answer

Explanation / Answer

Question:- the plant and production cost benchmarking data reported in each year's footwear industry report

Answer:- always merit close examination because they enable company managers to check whether certain aspects of production costs at company plants are competitive with the costs of rival companies and whether actions should be taken in the upcoming decisions round to reduce one or more production cost components that are excessively high

Reason:- With the benchmarking reports, the companies can compare different data and processes with the other leading organizations in order to take the corrective measures.

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