Benchmarking provides a company with which of the following?
A) Hard evidence of cost competitiveness
B) Proof of resource availability
C) A company strategy
D) Verification of total cost ownership
E) Improvements to internal processes

Question

Quizplus · Accepted Answer

Benchmarking involves comparing a company's performance to that of competitors or industry leaders in order to identify areas for improvement. By doing this, a company can gain hard evidence of whether or not their costs are competitive with others in the market.

Benchmarking Provides a Company with Which of the Following