________ is the process of comparing products against the best industry standards.
A)Activity-based costing
B)Continuous process improvements
C)Benchmarking
D)GPK

Question

Quizplus · Accepted Answer

Benchmarking is the process of comparing products against the best industry standards or competitors to identify areas for improvement and set achievable goals. Activity-based costing is a method of assigning costs to specific activities or tasks. Continuous process improvement is a management approach to continuously improving processes and operations within an organization. GPK (Gross Profit Key Performance Indicator) is a financial metric used to track profitability. None of these options match the definition of comparing products against industry standards, making C the correct choice.

________ Is the Process of Comparing Products Against the Best