AsiaCorp is one of the best in its industry in terms of costs and performance.Many companies in its industry will probably consider AsiaCorp as a ________.
A)pioneer
B)benchmark
C)target for acquisition
D)future supplier
E)sounding board for ideas

Question

Quizplus · Accepted Answer

Benchmarking is the process of comparing one's business processes and performance metrics to industry bests or best practices from other companies. Since AsiaCorp is highly effective in its industry in terms of costs and performance, other companies may consider it as a benchmark to measure their own performance against.

AsiaCorp Is One of the Best in Its Industry in Terms