All of the following are true regarding benchmark studies except:
A)The studies are shared with customers and suppliers.
B)The studies are shared with competitors.
C)The studies are prepared by collecting information from companies in the same industry.
D)The studies show an organization how its costs and processes compare with other companies.

Question

Quizplus · Accepted Answer

Benchmark studies are not typically shared with competitors as this could give them an advantage in the industry. The studies are prepared by collecting information from companies in the same industry to show an organization how its costs and processes compare with similar companies. The studies are generally shared with customers and suppliers, but not with competitors.

All of the Following Are True Regarding Benchmark Studies Except