Continual process of measuring a company's own products,services or activities against competitors' performance is

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The continual process of measuring a company's own products, services, or activities against competitors' performance is called benchmarking. It is a tool used to identify best practices and improve performance by learning from other organizations. Performance measures are metrics used to evaluate how well a company is achieving its objectives. Budgeting is the process of creating a plan for financial activity. Responsibility center refers to an organizational unit responsible for a specific area of business. Lean accounting is an approach to accounting that emphasizes waste reduction and continuous improvement.

Continual Process of Measuring a Company's Own Products,services or Activities