___ is a planning technique that makes use of external comparisons to determine practices used by best-in-class companies to improve performance and identify possible actions for the future.
A) Contingency planning
B) Benchmarking
C) Scenario planning
D) Forecasting
E) Management by objectives

Question

Quizplus · Accepted Answer

Benchmarking is a technique that involves comparing an organization's practices and performance against other top-performing organizations to identify areas where improvements can be made. This helps organizations learn from others and identify best practices for achieving their goals.

___ Is a Planning Technique That Makes Use of External