Companies use both internal and external benchmarks.

Name: Companies use both internal and external benchmarks.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Companies use both internal benchmarks (i.e. comparing performance metrics of different departments or units within the same company) and external benchmarks (i.e. comparing against competitors or industry averages) to evaluate their performance and identify areas for improvement.

Companies Use Both Internal and External Benchmarks