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Hoochie [10]
3 years ago
7

9. Benchmarking is

Business
1 answer:
Ann [662]3 years ago
4 0

Answer:

d. making comparisons to direct attention to why differences in costs exist across companies.

Explanation:

  • A benchmark is a simple comparison or evaluation of the business processes that measure productivity and time and costs.
  • Used to measure the performance using specific indicators like cost, productivity and time per unit also referred to as the best practice of increasing the performance of the company.
  • It has certain stages like the selection of subjects, definition of the process, identification of potential partners and collection of data.
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