The Process of Identifying Other Organizations That Are Best at Some

question 128

Multiple Choice

The process of identifying other organizations that are best at some facet of your operations and then modelling your organization after them is known as

• A) continuous improvement.
• B) employee empowerment.
• C) benchmarking.
• D) copycatting.
• E) patent infringement.

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Definitions:

Oil Firm

A company involved in the exploration, production, refinement, or sale of oil and oil products, often playing a significant role in the energy sector.

Striking Oil

Discovering a significant and valuable amount of oil during drilling activities.

Ford Dealership

A business authorized by the Ford Motor Company to sell and service Ford vehicles.

Return Buyers

Customers who make repeated purchases from a business, reflecting customer loyalty and satisfaction.