The process of comparing the organization's practices and technologies to that of the industry's standards is known as
A)benchmarking.
B)scanning.
C)innovation.
D)feasibility analysis.
E)technology.

Question

Quizplus · Accepted Answer

Benchmarking is a systematic and continuous process of identifying and comparing an organization's practices and technologies to industry standards or best practices. This enables organizations to identify areas for improvement and make necessary changes to enhance their performance and competitiveness. Scanning, innovation, feasibility analysis, and technology do not involve comparing an organization's practices and technologies to industry standards.

The Process of Comparing the Organization's Practices and Technologies to That