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:

Nolo Contendere

A plea in which the defendant does not admit guilt but agrees not to contest the charges.

Guilt

Guilt is the emotional state of feeling responsible or remorseful for a perceived offense, crime, or wrong, whether or not legally culpable.

Charges

Fees or financial obligations imposed for services rendered, penalties, or cost of borrowing.

White-collar Crimes

Non-violent criminal offenses, usually committed in commercial situations for financial gain.