Which term compares an organization's processes with the best practices to be found in its industry or others?
A)Value analysis
B)Performance
C)Value proposition
D)Bias
E)Benchmark

Question

Quizplus · Accepted Answer

Benchmarking is the term that involves comparing an organization's processes against the best practices in the industry or other similar organizations. Value analysis is a term that refers to the process of determining the worth or usefulness of a product or service, Performance measures an organization's ability to meet its goals or objectives, Value proposition relates to the unique benefits that a product or service offers to customers, and Bias refers to an unfair or prejudiced view towards something or someone.

Which Term Compares an Organization's Processes with the Best Practices