Two Important Criteria for Bench Marking Are _________ and ________

question 32

Multiple Choice

Two important criteria for bench marking are _________ and ________.

• A) Product quality; service quality
• B) Location; time
• C) Personal; organizational
• D) Past; present
• E) None of these

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Definitions:

Inflation Rate

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Energy Prices

The cost of energy resources, such as oil, gas, and electricity, which can fluctuate based on supply and demand.

Automobile Companies

Businesses involved in the design, development, manufacturing, marketing, and selling of motor vehicles.

International Trade

The exchange of goods and services across international borders or territories, involving the import and export between countries.