The steps to be taken in the benchmarking process are:
i. establishing performance goals.
ii. identifying functions or activities to be benchmarked.
iii. implementing plans.
iv. data collection and analysis.
v. selecting benchmark partners.
What is the correct sequence of these steps?
A) i, ii, iii, iv and v
B) ii, v, iv, i and iii
C) iii, ii, i, v and iv
D) ii, v, i, iv and iii

Question

Quizplus · Accepted Answer

The correct sequence for the benchmarking process starts with identifying the functions or activities to be benchmarked (ii), then selecting benchmark partners (v), followed by data collection and analysis (iv), establishing performance goals (i), and finally implementing plans (iii).

The Steps to Be Taken in the Benchmarking Process Are