Performance Improvement

Betterment
In the USA, betterment refers to the replacement of a major item of plant or machinery by one that will provide better performance, which involves capital expenditure.
Goal Setting
Goal setting involves establishing steps to meet the objectives of an individual or a firm. For instance, to achieve a 10% increase in sales, a company may increase each salesperson's quota by $10,000.
Upgrading
Improving the quality or performance of something by making changes. Common examples include upgrading computer hardware, software, and even services.

Accounting Terms Lexicon

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