Describe Two Common Approaches to Benchmarking

question 5

Essay

Describe two common approaches to benchmarking.

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Definitions:

Corporate Behaviour

The actions and policies of a company as a collective entity, reflecting its values, ethics, and objectives.

Goods And Services

The items (goods) and activities (services) that are produced or provided to fulfill the needs or wants of consumers.

Socio-Economic

Relating to or concerned with the interaction of social and economic factors.

CSR

Corporate Social Responsibility, a business model in which companies integrate social and environmental concerns in their operations and interactions with their stakeholders.