Benchmarking Is the Continuous Process of Comparing Products, Services, and Activities

question 50

True/False

Benchmarking is the continuous process of comparing products, services, and activities to the average industry standards.

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Definitions:

Clayton Alderfer

An American psychologist known for developing ERG Theory, which categorizes human needs into existence, relatedness, and growth categories.

Interpersonal Safety

The condition in which an individual feels secure and free from threat or harm in their interactions with others, fostering open communication and trust.

Relatedness Need Category

Pertains to the psychological need to establish and maintain significant relationships with others, feeling connected and belonging within social groups.

Clayton Alderfer

An American psychologist known for developing the ERG theory, which categorizes human needs into existence, relatedness, and growth categories.