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Discuss the Benchmarking Process

question 59

Essay

Discuss the benchmarking process.


Definitions:

Mistake

An erroneous belief, at contracting, that certain facts are true. It can be invoked as grounds to invalidate the agreement.

Fraudulent Misrepresentation

Intentional false statement of fact made by one party to deceive and induce another to enter into a contract.

Vehicle Dealer

A business authorized to sell new or used vehicles to consumers while meeting certain legal and manufacturer requirements.

Capability

The ability or attributes required to perform tasks or achieve certain results effectively.

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