Benchmarking is the process of comparing a company to a standard set by one or more other companies, with a view toward improvement.

Name: Benchmarking is the process of comparing a company to a standard set by one or more other companies, with a view toward improvement.
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

Benchmarking involves comparing a company's processes, performance metrics, and practices to those of other companies to identify areas for improvement and adopt best practices.

Benchmarking Is the Process of Comparing a Company to a Standard