The Purpose of Using Benchmarking Is to Imitate Competitors' Best

question 91

True/False

The purpose of using benchmarking is to imitate competitors' best practices which leads to a competitive advantage for a company.

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Definitions:

Behavior Patterns

Recurrent ways of acting or responding that are characteristic to an individual or group.

Interpersonal Processes

Involves the ways in which individuals interact, communicate, and relate to each other within various social contexts.

Humanistic Approach

A psychological perspective focusing on individual potential, self-actualization, and viewing people as inherently good.

Personal Responsibility

The acceptance of being accountable for one's actions, decisions, and their consequences.