What information does the facility manager need to ensure the proposed cafeteria price increases are...

The Finance and Business competency in IFMA states that benchmarking against market trends ensures fair and justifiable pricing​.

Current market data (C) provides an objective basis for evaluating price changes.

Purchasing data (A) shows historical costs but does not validate new pricing.

Written justifications (B) are essential but must be verified against external data.

Customer surveys (D) gauge satisfaction but do not determine cost-effectiveness.

Market data ensures pricing aligns with industry standards and inflation trends, avoiding unjustified increases​.