Final answer:
The term associated with studying another organization's products or operations is benchmarking, which involves comparing and improving business processes.
Step-by-step explanation:
The term associated with studying another organization's products or operations is benchmarking. Benchmarking is the process of comparing one's business processes and performance metrics to industry bests or best practices from other companies. In this context, dimensions typically measured are quality, time, and cost. Organizations engage in benchmarking to understand where they stand in comparison to others and to improve their own processes, products, and services. It is not related to a controlled experiment, an observational study, or the development of a hypothesis, but is about learning from others to enhance one's own business strategies.