________ is the process of comparing the company's products and processes to those of competitors or leading firms in other industries to find ways to improve quality and performance

Winter Wonderland sells hand-knit scarves

Each scarf sells for $50. The company pays $30 to rent a vending space for one day. The variable costs are $10 per scarf. What total revenue amount does the company need to earn to break even? (Round any percentages to two decimal places and your final answer to the nearest cent.) A) $66.67 B) $37.50 C) $12.50 D) $50.00

In a market with ________, the market consists of many buyers and a few sellers who are likely to have similar pricing

A) pure competition B) monopolistic competition C) oligopolistic competition D) a pure monopoly E) socialism