Competitive benchmarking is comparing the company's processes, practices, and products against the world's best companies, including those from other industries.

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Competitive benchmarking is the process of comparing a company's performance against the best in the industry, both domestic and international. It involves comparing the company's products, services, processes, and practices to other companies' in the same or different industries.

Competitive Benchmarking Is Comparing the Company's Processes, Practices, and Products