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:

Government Bonds

Debt securities issued by a government to support government spending, offering investors a relatively safe investment option.

Private Company

A business entity owned by private individuals or corporations, with shares that are not traded publicly on stock exchanges.

Closing Date

The specific date agreed upon by parties involved in a transaction (such as the sale of property) when the transaction is finalized and legal documents are signed.

Campaign Buttons

Small pins or badges distributed by political campaigners to show support for a specific candidate, party, or political cause.