From the following statements about benchmarking, select the incorrect statement.
A) Benchmarking involves working towards best practice.
B) Benchmarking requires selection of a benchmarking partner.
C) Benchmarking requires measuring against another firm in exactly the same type of business.
D) Benchmarking involves continuous improvement.

Question

Quizplus · Accepted Answer

Benchmarking does not necessarily require measuring against another firm in the same type of business. In fact, benchmarking can be done across industries and can involve measuring against companies performing similar processes or functions.

From the Following Statements About Benchmarking, Select the Incorrect Statement