Benchmarking allows a company to
A)identify its strengths and weaknesses.
B)imitate those ideas that are readily transferable.
C)improve on methods in use by others.
D)all of the above.

Question

Quizplus · Accepted Answer

Benchmarking allows a company to identify its strengths and weaknesses by comparing its processes and performance metrics with those of others. It also helps a company to imitate those ideas that are readily transferable and improve on methods in use by others, thereby enabling it to enhance its operational efficiency and effectiveness. Hence, all of the above options are correct.

Benchmarking Allows a Company to