The purpose of ___ is to find out what other people and organizations are doing very well, and planning how to incorporate these ideas into one's own operations.
A) contingency planning
B) scenario planning
C) benchmarking
D) forecasting
E) participation

Question

Quizplus · Accepted Answer

Benchmarking is the process of comparing one's own practices and performance against the best in the industry. It helps identify areas of improvement and implement changes in one's own operations to enhance productivity and efficiency. Contingency planning, scenario planning, forecasting, and participation do not involve the purpose of incorporating others' ideas into one's own operations.

The Purpose of ___ Is to Find Out What Other