Definition of Benchmarking
CMAT 2023 · Innovation & Entrepreneurship · Easy · Innovation and Entrepreneurship
____ means identifying and imitating the best in the world at specific tasks and function.
- A.
Benchmarking
- B.
Outsourcing
- C.
Quality circle
- D.
Continuous improvement
Answer
A
Explanation
Benchmarking is the practice of comparing business processes and performance metrics to industry bests or best practices from other companies.
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