Studying the practices of companies considered "best in class" and comparing the performance of our company against their performance is
A) competition
B) copying
C) frustration
D) benchmarking
E) notching

Question

Quizplus · Accepted Answer

Benchmarking involves identifying and studying the practices of companies considered "best in class" in order to compare and improve one's own performance. It is a commonly used business strategy to drive improvement and identify areas for growth.

Studying the Practices of Companies Considered "Best in Class" and Comparing