The purpose of benchmarking is to achieve the minimum acceptable performance for releasing a product into the marketplace.

Name: The purpose of benchmarking is to achieve the minimum acceptable performance for releasing a product into the marketplace.
Brand: Quizplus
Rating: 5.0 (27 reviews)

Question

Quizplus · Accepted Answer

Benchmarking is aimed at improving a company's performance by comparing its processes, products, and services against those of leading companies to identify areas for improvement, not just to achieve minimum acceptable performance.

The Purpose of Benchmarking Is to Achieve the Minimum Acceptable