Benchmarking is the process of comparing the organization's processes and practices with those of other companies.

Name: Benchmarking is the process of comparing the organization's processes and practices with those of other companies.
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

Benchmarking involves evaluating an organization's performance by comparing it with the standards, processes, and practices of other companies, especially those known for their excellence in certain areas, to identify areas for improvement.

Benchmarking Is the Process of Comparing the Organization's Processes and Practices