Benchmarking:

Question

Benchmarking:

Quizplus · Accepted Answer

Benchmarking is a process where a company compares its performance metrics with other similar companies or industry leaders. It allows the company to learn from the best practices of others and implement them to improve their own performance. Therefore, option A is the correct choice. Option B is incorrect as benchmarking does not necessarily make a company a leader. Option C is partially correct, as benchmarking can help a company gain a comparative advantage, but it is not the only way to achieve this. Option D is incorrect, as benchmarking can lead to creative thinking as the company learns from others and comes up with new ideas to improve their own processes.