Benchmarking involves computing financial ratios of an industry leader and comparing those ratios with one's own firm.

Name: Benchmarking involves computing financial ratios of an industry leader and comparing those ratios with one's own firm.
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Benchmarking is a process where a company compares its performance metrics, such as financial ratios, with those of industry leaders or competitors to identify areas of improvement and to adopt best practices.

Benchmarking Involves Computing Financial Ratios of an Industry Leader and Comparing