Which of the Following Is Not One of the Benefits

question 42

Multiple Choice

Which of the following is not one of the benefits of benchmarking?

• A) Helps identify the best business or functional practices to include in a firm's business plans.
• B) Determines internal customer needs and wants.
• C) Breaks down a reluctance to change.
• D) Serves as a source of market intelligence.
• E) Uncovers previously unrecognized technological breakthroughs.

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Definitions:

Market Price

The market price at which you can currently buy or sell an asset or service.

Cash Deal

A transaction where the payment for a good, service, or acquisition is made entirely with cash instead of financing or stock exchanges.

Fair Market Value

The price at which an asset would trade in a competitive auction setting, reflecting the value of an asset in the open market.

Fixed Assets

Long-term tangible assets used in the operations of a business and not expected to be converted to cash within a year.