Benchmarking allows the focal company to see where their partners' strengths and weaknesses lie.

Name: Benchmarking allows the focal company to see where their partners' strengths and weaknesses lie.
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

Benchmarking involves comparing the practices, processes or performance of a company with those of their partners or competitors in the same industry. This enables the focal company to identify areas where their partners excel, as well as areas that need improvement.

Benchmarking Allows the Focal Company to See Where Their Partners