Within any market,the product to meet or beat in terms of design,manufacture,performance,and service is called a(n)__________.
A)accolade
B)benchmark
C)classic
D)dark house

Question

Quizplus · Accepted Answer

A benchmark is a product, service, or process that is widely recognized as the standard for comparison in a particular industry or market. It is a model to be emulated or exceeded by competitors, and serves as a measure of quality, performance, and value. By setting a benchmark, a company can establish itself as a leader in the market and gain a competitive advantage over rivals. Therefore, the correct choice is B)benchmark.

Within Any Market,the Product to Meet or Beat in Terms