Which of the following determines a company's competitive advantage by comparing its performance with that of its closest competitors?
A)Asset turnover
B)Organization chart
C)Cost center
D)Benchmarking

Question

Quizplus · Accepted Answer

Benchmarking is the process of comparing a company's performance or processes with that of its closest competitors, identifying areas of strength and weakness, and then implementing best practices to improve performance and gain a competitive advantage. A, B, and C are all internal factors that do not involve comparing performance with competitors.

Which of the Following Determines a Company's Competitive Advantage by Comparing