The Most Difficult Part of Benchmarking Is

question 96

Multiple Choice

The most difficult part of benchmarking is

• A)the decision of whether to do it at all.
• B)how to obtain access to information regarding rivals' practices and costs.
• C)when to initiate the process.
• D)what information to utilize in the analysis process.
• E)when to stop the process and move forward with strategy.

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Definitions:

Frequency Distribution

A summary of how often different values occur within a dataset, often represented in a table or graph.

Students

Individuals engaged in learning at educational institutions.

Frequency Polygon

A frequency polygon is a graphical representation of the distribution of a dataset. It uses a series of connected dots or lines at the midpoints of each interval to show frequencies.

Histogram

A histogram is a graphical representation of the distribution of numerical data, where the data is divided into intervals (bins), and the frequency of data within each bin is depicted by the height of the bar.