Which Type of Benchmarking Is Used to Identify an Organization's

question 26

Multiple Choice

Which type of benchmarking is used to identify an organization's strengths and weaknesses?

• A) peer
• B) outcome
• C) statistical
• D) corporate

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Definitions:

Financial Metrics

Quantitative measures used to assess the financial health, performance, and condition of a business, aiding in decision-making and strategy formulation.

Profit-Leverage Effect

A financial principle indicating that a decrease in operating costs can have a more significant impact on profits than an equivalent increase in sales revenue.

Purchase Spend

Purchase spend refers to the total amount of money a company expends on acquiring goods and services necessary for its operations.

Price Negotiations

entail bargaining between buyers and sellers to reach mutually agreeable terms for the price of goods or services.