Which of the following is the process of measuring one's own services and practices against recognized leaders in order to identify areas for improvement?
A) industry analysis
B) trend analysis
C) benchmarking
D) environmental analysis

Question

Quizplus · Accepted Answer

Benchmarking is the process of comparing and measuring a company's practices and performance against industry leaders or best practices in order to identify areas for improvement. Industry analysis is a broader assessment of the external factors affecting an industry, while trend analysis focuses on analyzing patterns and changes in data over time. Environmental analysis involves evaluating the impact of external factors on a company's operations.

Which of the Following Is the Process of Measuring One's