Benchmarking is the process of comparing business processes and outcomes to an industry standard or best practice.

Name: Benchmarking is the process of comparing business processes and outcomes to an industry standard or best practice.
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

Benchmarking involves comparing business processes and outcomes to an established standard, such as industry best practices, with the goal of identifying areas for improvement and increasing efficiency and effectiveness.

Benchmarking Is the Process of Comparing Business Processes and Outcomes