Which of the following statements is true of benchmarking?
A) It is a systematic approach of optimizing business processes.
B) It fails to help to improve organizational performance as benchmarking data does not provide insight into why costs or revenues differ across companies.
C) It is difficult to ensure that the benchmark numbers are comparable due to the existence of differences across companies.
D) It considers four major business aspects such as financial, customer, internal business processes, and learning and growth.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is true of benchmarking?
A) It is a systematic approach of optimizing business processes.
B) It fails to help to improve organizational performance as benchmarking data does not provide insight into why costs or revenues differ across companies.
C) It is difficult to ensure that the benchmark numbers are comparable due to the existence of differences across companies.
D) It considers four major business aspects such as financial, customer, internal business processes, and learning and growth.

Which of the Following Statements Is True of Benchmarking