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What Does It Mean to Benchmark by Industry? Why Is

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What does it mean to benchmark by industry? Why is this needed when conducting a financial ratio analysis?


Definitions:

Annual Human Death Rate

The number of deaths per year per 1,000 or 100,000 people in a population, used to measure the mortality rate of a specific area.

Indoor and Outdoor Air Pollution

The contamination of air within and surrounding buildings and structures, primarily caused by emissions from vehicles, industry, and natural sources.

World Bank

A global financial entity that offers loans and grants to poorer nations' governments to help them undertake capital projects.

Fine Particulate Levels

The concentration of tiny particles or droplets in the air, such as dust, dirt, soot, or smoke, which can pose serious health and environmental risks.

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