Companies benefit today by inter-firm cooperation.One of the ways they cooperate is through networking.Another way is by seeking technological knowledge and learning new processes from other firms that usually fall outside of their respective industries.We call this:
A)competency capturing
B)technology swapping
C)benchmarking
D)broadening the knowledge base

Question

Quizplus · Accepted Answer

The term used to describe seeking technological knowledge and learning new processes from other firms that usually fall outside of their respective industries is benchmarking. Competency capturing is a process of identifying, documenting and transferring the skills, knowledge, and capabilities of an individual within an organization. Technology swapping is not a commonly used term and broadening the knowledge base is a general term that could refer to any type of learning or information gathering.

Companies Benefit Today by Inter-Firm Cooperation