__________ is a technique that makes use of external comparisons to evaluate current performance.
A) Forecasting
B) Benchmarking
C) Allocating
D) Justifying

Question

Quizplus · Accepted Answer

Benchmarking is a technique where organizations compare their performance with the external companies or organizations in the same industry or same domain. With benchmarking, a company can identify the areas that need improvement and can implement best practices from other successful companies to improve their performance.

__________ Is a Technique That Makes Use of External Comparisons