This term describes what an electric shaver company is doing when it carefully observes its competitor's production line to look for ways to improve its own manufacturing process.

Question

Quizplus · Accepted Answer

Benchmarking involves analyzing and learning from competitors or other companies to improve a company's own processes and performance. In this scenario, the electric shaver company is observing its competitor's production line to identify areas where it can improve its own manufacturing process.

This Term Describes What an Electric Shaver Company Is Doing