Final answer:
Benchmarking is the process of comparing a company's practices and performance levels against those of other organizations to identify areas for improvement. Option A is correct answer.
Step-by-step explanation:
The comparison of a company's practices and performance levels against those of other organizations is most commonly known as benchmarking. Benchmarking is a process where a company measures its products, services, processes, and practices against those of competitors or leaders in the same or different industries. The goal of benchmarking is to identify areas where the company can improve its own operations to achieve higher standards and maintain competitive advantage. This process involves gathering data, analyzing information, and then implementing changes to improve upon key performance indicators (KPIs).
Other terms listed in the question, such as continuous improvement, refer to the ongoing efforts of a company to improve products, services, or processes. Re-engineering is a more radical process of redesigning core business processes to achieve dramatic improvements. Comparative analysis can refer more broadly to any sort of comparison between entities, and the kaizen business analysis (KBA) relates specifically to continuous improvement in a business context influenced by Japanese management practices.