Which of the following is TRUE of benchmarking?
A) It is an analysis in which a firm's ratio values are analyzed to project the fundamental values of the assets for upcoming years or business cycle.
B) It is an analysis in which a firm's ratio values are compared with those of a key competitor or with a group of competitors that it wishes to emulate.
C) It is an analysis in which a firm's financial performance over time is evaluated using financial ratio analysis.
D) It is a financial statement analysis technique which is primarily used for forecasting future performance.
Correct Answer:
Verified
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