If a corporation compares its compensation and performance-evaluation systems to its competitors,it has engaged in:
A)plagiarism.
B)patent infringement.
C)benchmarking.
D)specific knowledge enhancement.

Question

Quizplus · Accepted Answer

Benchmarking is the practice of comparing one's own processes, products, or services to those of other organizations, especially those identified as industry leaders or competitors. By comparing compensation and performance-evaluation systems to those of competitors, a corporation can identify potential areas for improvement and adjust its practices accordingly.

If a Corporation Compares Its Compensation and Performance-Evaluation Systems to Its