Benchmarking is the study of a competitor's product or business practices in order to improve the performance of one's own company

Name: Benchmarking is the study of a competitor's product or business practices in order to improve the performance of one's own company
Brand: Quizplus
Rating: 4.8 (44 reviews)

Question

Quizplus · Accepted Answer

Benchmarking involves comparing one's business processes and performance metrics to industry bests or best practices from other companies to identify areas for improvement.

Benchmarking Is the Study of a Competitor's Product or Business