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Definition: The best practices among all competitors

O Benchmark
O Median
O Tradition
O Slope

1 Answer

10 votes

Answer:

O Benchmark

Step-by-step explanation:

Bench-marking is the practice of comparing a firm's performance against the best in the industry. Through bench-marking, comparison of processes, products, and quality against the set standards or the industry best.

A benchmark is an acceptable standard by which others may be measured or judged against. It is the ideal quality or performance that others should strive to attain.

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