The Procedure Through Which an Organization Compares Its Own Practices

question 45

Multiple Choice

The procedure through which an organization compares its own practices to those of successful competitors is known as:

• A) gainsharing.
• B) commercial intelligence.
• C) benchmarking.
• D) profiling.
• E) None of the choices are correct.

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Definitions:

DVCs

Stands for Developing Countries, referring to nations with lower levels of industrialization and lower Human Development Index than developed countries.

Political Instability

The likelihood of significant change in the governing framework of a country, which can include shifts in government, policy upheavals, or civil unrest.

Demographic Transition

The shift from high to low birth and death rates as a nation moves from a pre-industrial to an industrial economic system during its development.

National Incomes

The total earnings from production and services by residents of a country, within a specific time period, including wages, profits, and taxes less subsidies.