What is the purpose of benchmarking?
A)to save money
B)to reduce the workforce
C)to adopt best practices
D)to expand internationally
E)to diversify products

Question

Quizplus · Accepted Answer

The purpose of benchmarking is to identify and adopt best practices from other organizations in order to improve performance and achieve operational excellence. It is not primarily focused on saving money, reducing the workforce, expanding internationally, or diversifying products, although those may be potential outcomes of effective benchmarking.

What Is the Purpose of Benchmarking