Baked Delights is a startup bakery. To set up its own business standards, it recently collected data on the quality and pricing of the products of Sweet Tooth, the largest and most popular bakery in the region. This is an example of _____.
A) business regulation
B) suboptimization
C) benchmarking
D) profiling

Question

Quizplus · Accepted Answer

This is an example of benchmarking, as Baked Delights gathered information on Sweet Tooth to establish a benchmark of quality and pricing for their own products.

Baked Delights Is a Startup Bakery