The purpose of __________ is to find out what others are doing very well and to incorporate these ideas into one's own operations.
A) participation
B) forecasting
C) scenario planning
D) benchmarking
E) contingency planning

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. This is done to identify areas where the company can improve its own processes and practices.

The Purpose of __________ Is to Find Out What Others