What Is the First Main Activity Involved in Benchmarking

question 138

Multiple Choice

What is the first main activity involved in benchmarking?

• A) identifying the world's leading performers
• B) identifying internal processes to be improved
• C) identifying how the best goods are produced
• D) identifying critical market segments

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Definitions:

Spin-Off

A type of corporate restructuring where a division or subsidiary becomes an independent company.

Consignment

An arrangement in which goods are left in the possession of another party to sell, with payment to the original owner occurring only after the sale.

Wharfage

A fee charged for the use of a wharf for loading or unloading cargo, or for the temporary storage of goods on the wharf area.

Sell-Off

Transaction in which assets are sold by one firm to another.