The aim of benchmarking is to copy or improve on ________ either within an industry or across industries.
A) profitability
B) manufacturing
C) ideation
D) aggressiveness
E) "best practices"

Question

Quizplus · Accepted Answer

Benchmarking aims to identify and adopt "best practices" either within an industry or across industries in order to improve performance. While profitability, manufacturing, ideation, and aggressiveness may be components of "best practices," the primary focus of benchmarking is on identifying and replicating strategies or processes that are proven to be effective. Therefore, the best choice is E, "best practices."

The Aim of Benchmarking Is to Copy or Improve on ________