Examlex
Which one of the following statements is true?
Benchmarking
The practice of comparing business processes and performance metrics to industry bests or best practices from other companies.
Incorporate Ideas
The process of taking suggestions, concepts, or viewpoints and integrating them into a project or plan.
Benchmarking
Benchmarking involves assessing a company's procedures and performance measures by contrasting them with the best in the sector or exemplary practices of various corporations.
Internal Comparisons
The process of evaluating a company’s performance, projects, or individuals against internal standards or past records.
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