One important lesson to keep in mind during benchmarking is:
A) benchmarked firms should be made aware of the said firm's motivation.
B) differences in environments of the benchmarked firms should be taken into account.
C) differences in environments of the benchmarking firm should be taken into account.
D) differences in environments of the benchmarked firms are not important.

Question

Quizplus · Accepted Answer

It is important to take into account the differences in environments of the benchmarked firms, as they may operate in different industries, have varying cultures, and face different challenges. Failure to consider these differences could lead to inaccurate or unfair benchmarking results.

One Important Lesson to Keep in Mind During Benchmarking Is