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A tv manufacturer company decided the price of a model is Rs 2000. They sell it at 5% discount on occasion of diwali and still they have got 25% profit on the cost. Calculate the cost price |
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Answer» -step explanation:Performance management USING the Building Block Model poses three QUESTIONS based on which the performance measurement system is developed: What dimensions of performance should the company measure? Dimensions are the goals that the company WANTS to achieve based on its overall strategy, those goals that define its success. How to set the standards (benchmarks) for those measures? What are the rewards needed to motivate employees to achieve these standards? Dimensions Dimensions (goals) include financial and non-financial goals. Dimensions are further categorized as into RESULTS and determinants. Results are tracked as (a) financial performance and (B) competitive performance. Determinants are tracked as (a) quality, (b) flexibility, (c) innovation, and (d) resource utilization. Determinants influence results. |
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