Which of the following is a reason why an organization might use benchmarking?
A) To assess market demand
B) To identify best practices within an industry
C) To generate new business ideas
D) To increase productivity
E) All of these

Question

Quizplus · Accepted Answer

Benchmarking is a process used by organizations to measure and compare their processes, practices, and performance metrics to industry bests or best practices from other industries. This can help in assessing market demand (A), identifying best practices within an industry (B), generating new business ideas (C), and increasing productivity (D).

Which of the Following Is a Reason Why an Organization