What is the exact definition of Benchmarking and the Benchmarking GAP.
How would you use Financial Benchmarking as a motivational method for your managers?
When you study the financial schedules don’t try to memorize them. Use logic, For example, the SEC article suggested that you think of the Consolidated P & L as a stair case. The first line is what you sold:
You sold a HOT DOG for $1 go down one step and it is the cost of goods sold,
the Dog, Roll, Mustard =$0.4 Gross Profit $0.6 Go down another step.

Operating Cost:
Sales and Marketing. You rented the cart and had signs painted.
Research & Development: Trying to come up with a better bun.
G & A: You have an accountant
Operating cost subtracted from Gross Profit = Operating Profit = EBIT