The Managers of Z-Cosmetics, After Identifying Key Measurements, Decided to Set

 The managers of Z-Cosmetics, after identifying key measurements, decided to set performance targets for their business. In order to fulfill the purpose, they adopted a process that required management to collect data from Color Cosmetics, a leading manufacturer in the industry. The managers of Z-Cosmetics believed that adopting the best practices across the industry would help them achieve their goals more effectively. Identify the process used by Z-Cosmetics to set performance targets.

A) Activity-based costing
B) Benchmarking
C) Total Quality Management
D) Budgeting