Which of the Following Statements Is Correct Regarding Benchmarking

question 110

Multiple Choice

Which of the following statements is correct regarding benchmarking?

• A)Benchmarking is the practice of using a company's own data to identify the processes and practices in which it outperforms its competitors.
• B)Benchmarking involves selecting measures,setting targets for measures and adjusting the benchmark as strategies change.
• C)Benchmarking participants should adhere to the Benchmarking Code of Conduct which provides general principles to follow during the benchmarking process.
• D)All of these ans choices are correct regarding benchmarking.

---

Definitions:

Infant Industries

Emerging sectors or businesses that are at the beginning stages of development and may be protected by a government to help them grow without foreign competition.

Neo-Mercantilist

An economic philosophy that advocates for government involvement in protecting and growing domestic industries through policies that often include tariffs and quotas.

Content Requirements

A minimum level of materials, parts, or inputs that must originate in the local country rather than be imported.

Reciprocal Requirements

Mutually agreed upon obligations or needs between two parties, often seen in contracts or negotiations.