1.
Speed to market: Speed to market determines the amount of time taken by the companies to introduce or launch new products into the market. The highly competitive market requires companies to be proactive in introducing new products into the market.
The action taken by the research and development department to improve the average amount of time taken to develop the product.
2.
Elapsed time: Elapsed time is the time consumed from the start of an event to the end of the event. Average elapsed time is the average time gap between the airplane landing and unloading the entire luggage from the airplane.
The performance measure taken to reduce the average elapsed time.
3.
Late shipment: The shipment of the order will be considered a late shipment if the company is unable to ship the product within the promised date. This would lead to customer dissatisfaction and a bad reputation for the company.
The performance measure to avoid the late shipment of the orders.
4.
Revenue per employee: This is an efficiency ratio that is used to determine the revenue generated per employee. It helps to determine the efficiency of an employee to generate revenue for the company.
The performance measure to increase the revenue per employee.
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Chapter 12 Solutions
MANAGERIAL ACCOUNTING LL W/ CONNECT
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