Benchmarking Involves

question 76

Multiple Choice

Benchmarking involves

• A) comparing how different companies perform various value chain activities and then making cross-company comparisons of the costs of these activities.
• B) checking whether a company has achieved more of its financial and strategic objectives over the past five years relative to the other firms it is in direct competition with.
• C) studying whether a company's resource strengths are more/less powerful than the resource strengths of rival companies.
• D) studying how a company's competitive capabilities stack up against the competitive capabilities of selected companies known to have world class competitive capabilities.
• E) comparing the best practices in one industry against the best practices in another industry.

---

Definitions:

Entire Principal

Entire Principal refers to the total amount of a loan or debt that is owed or borrowed, excluding any interest or additional fees.

Future

Financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and price.

Prospective Client

An individual or organization that is considered a potential customer and may be interested in the company's products or services.

Payment Options

Various methods available to pay for goods or services, including cash, credit cards, and electronic payments.