Benchmarking enables a company to determine whether it is making continuous improvement in its operations without regard to competition.

Question

Quizplus · Accepted Answer

Benchmarking is a process of comparing a company's performance against its competitors or industry standards. It involves identifying best practices and making changes to improve performance and competitiveness. Therefore, it does involve competition and is not focused solely on internal continuous improvement.

Benchmarking Enables a Company to Determine Whether It Is Making