_____ is the use of external and internal comparisons to better evaluate one's current performance and identify possible ways to improve for the future.
A) Qualitative forecasting
B) Quantitative forecasting
C) Scenario planning
D) Contingency planning
E) Benchmarking

Question

Quizplus · Accepted Answer

Benchmarking is the process of comparing one's current performance with external and internal benchmarks (such as industry or company standards) to identify areas for improvement. This helps in determining how well an organization is doing in comparison to other organizations and what can be done to improve its performance.

_____ Is the Use of External and Internal Comparisons to Better