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Sagot :
The production benchmarks reported on p. 6 of each year's Footwear Industry Report is of value only to companies striving to produce branded footwear at lower costs than rivals and can see how their costs stack up against the industry low values on p. 6. Therefore, the first option is correct answer for this question.
The regulation of business procedures to achieve the best level of productivity within an organisation is known as operations management (OM). It focuses on maximising an organization's profit by effectively turning resources like labour and materials into products and services. To generate the largest net operating profit, operations-management teams strive to balance costs and revenues.
In the given question, Information provided in Footwear Industry report, page 6 provides valuable feedback to managers in determining the degree to which their company’s costs for the benchmarked cost categories are competitive with those of rival companies / or whether operating profits for the selected items are adequately competitive against competitors's prices. Therefore, first option is the required answer.
Learn more about Operations Management here: https://brainly.com/question/28623776
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