Companies benchmark their performance against the performance of their competitors and against their own past performance.

Name: Companies benchmark their performance against the performance of their competitors and against their own past performance.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Companies use benchmarking to measure their own performance against their competitors or against their past performances. This helps them identify areas where they can improve their performance and develop strategies to stay competitive in the industry.

Companies Benchmark Their Performance Against the Performance of Their Competitors