Which of the following is the process of comparing an organization's practices and technologies with those of other companies?
A)Competitive analysis
B)Corporate espionage
C)Competitive monitoring
D)Benchmarking
E)Scanning

Question

Quizplus · Accepted Answer

Benchmarking is the process of comparing an organization's practices and technologies with those of other companies in the same industry or similar field. It involves identifying best practices, setting goals, and developing plans to improve. Competitive analysis involves analyzing the strengths and weaknesses of competitors, while competitive monitoring involves tracking competitors' activities regularly. Scanning refers to the process of gathering information about relevant trends, threats, and opportunities. Corporate espionage is unethical and illegal and involves stealing confidential information from competitors.

Which of the Following Is the Process of Comparing an Organization's