Benchmarking Is

question 39

Multiple Choice

Benchmarking is:

• A)A system of performance metrics that seeks to motivate suppliers to perform better.
• B)A practice where companies attempt to learn and apply the best practices of other companies.
• C)A system of marking defective inbound inventory so it can quickly be identified for return to the supplier.
• D)A program where suppliers compete for contracts,but those companies who are outbid are provided advice for winning future contracts

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Definitions:

Fiscal Burdens

The financial obligations, such as taxes and debt payments, that a government must bear.

Skills-based Immigration

This is a type of immigration policy that prioritizes the entry of individuals into a country based on their job skills, professional experience, and the ability to contribute to the labor market.

Local Economy

The economic system and activities that are confined to a specific geographic area or community.

Legal Immigration

The process by which individuals enter and reside in a country in accordance with the legal and regulatory standards of that country.