Which of the following is not considered a basic step of benchmarking?
A) Forming a benchmarking team
B) Collecting and analyzing data
C) Acting on results of data collection
D) Goal setting
E) Identifying objectives

Question

Quizplus · Accepted Answer

While setting goals is an important aspect of many business processes, it is not considered a basic step in benchmarking. The basic steps of benchmarking typically include identifying objectives, forming a benchmarking team, collecting and analyzing data, and then using that data to make improvements or changes to the company's operations.

Which of the Following Is Not Considered a Basic Step