What are the requisites of inter-firm comparison system?

Inter-Firm Comparison  is a technique of evaluating the performance, efficiency, costs and profits of firms in an industry. It consists of voluntary exchange of infor- mation/data concerning costs, prices, profits, productivity and overall efficiency among firms engaged in similar type of operations for the purpose of bringing improvement in efficiency and indicating the weaknesses.

Requisites of inter-firm comparison system

i. Centre for Inter-Comparison
ii. Membership
iii. Nature of information to be collected
iv. Method of Collection and presentation of information
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