Accounting for IGCSE & O level - Advanced Principles (Section 8 - No. 20)
How is the performance of a business typically compared to industry averages?
By comparing its financial statements.
By using the company's company-specific data.
By comparing its ratios to industry averages.
By analyzing its marketing performance.
Shpjegimi
Companies can compare the performance of their business by comparing its financial ratios to those of the industry average.