Why Would an Organization Use Benchmarking

question 63

Multiple Choice

Why would an organization use benchmarking?

• A)To compete for talent
• B)To compete for market share
• C)To compete on costs
• D)To compete on product differentiation
• E)To compete for consumer loyalty

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Definitions:

Problem Solving

The process of identifying a problem, devising alternative solutions, and selecting and implementing the most effective solution.

Calculated Process

A methodical approach designed to achieve a specific outcome through deliberate and strategic planning.

Motivated Blindness

The tendency of individuals to overlook unethical behavior when it is in their interest to remain ignorant.

Indirect Blindness

Describes the tendency of individuals to overlook the unethical behavior of others when it's carried out through third parties.