Outback Steakhouse comparing their quality and price to Texas Roadhouse is what type of evaluation method?
A) Benchmarking
B) Best practices
C) Formal Controls
D) Informal Controls

Question

Quizplus · Accepted Answer

Benchmarking is the process of comparing one's business processes and performance metrics to industry bests or best practices from other companies. In this context, Outback Steakhouse comparing their quality and price to Texas Roadhouse is an example of benchmarking, as they are evaluating their performance against a competitor.

Outback Steakhouse Comparing Their Quality and Price to Texas Roadhouse