Baked Delights,a startup bakery,recently collected data on the quality and pricing of the products of Sweet Tooth,the largest and most popular bakery in the region,to help set up its own business standards.This is an example of _____.
A) business regulation
B) suboptimization
C) benchmarking
D) profiling

Question

Baked Delights,a startup bakery,recently collected data on the quality and pricing of the products of Sweet Tooth,the largest and most popular bakery in the region,to help set up its own business standards.This is an example of _____.
A) ​business regulation 
B) ​suboptimization 
C) ​benchmarking 
D) ​profiling

Quizplus · Accepted Answer

This is an example of benchmarking where Baked Delights is comparing its quality and pricing with that of Sweet Tooth, the market leader, to set standards for its own business.

Baked Delights,a Startup Bakery,recently Collected Data on the Quality and Pricing