The process of rating an organization's practices, processes, and products against the best of the world is known as
A) webworking.
B) outsourcing.
C) benchmarking.
D) core competencies.

Question

Quizplus · Accepted Answer

The process described in the question is benchmarking. Benchmarking involves comparing an organization's practices, processes, and products to those of other organizations considered to be the best in the industry, in order to identify best practices and areas for improvement. It is a tool often used by organizations to improve their quality and competitiveness. A is incorrect because webworking refers to working together online using technology. B is incorrect because outsourcing refers to obtaining goods or services from an outside supplier or company. D is incorrect because core competencies refer to the unique strengths and abilities of an organization that give it a competitive advantage.

The Process of Rating an Organization's Practices, Processes, and Products