Benchmarking Should Only Be Performed Against Firms in Similar Lines

question 67

True/False

Benchmarking should only be performed against firms in similar lines of business with our own.

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Definitions:

Barriers

Obstacles or factors that hinder progress or achievement.

Accumulated Perceptions

The total or aggregate views and understandings formed by an individual or group, built up over time.

Lenses

Tools or perspectives through which subjects or issues are analyzed or viewed.

Discrepancy

A difference or inconsistency between two or more things supposed to be in agreement.