It Is Possible to Set Standards by Benchmarking Against Better

question 84

True/False

It is possible to set standards by benchmarking against better performing companies in
the industry.

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Definitions:

Potential Liability

The possibility of being legally responsible for an action or inaction, which might lead to legal action and financial compensation.

Big Businesses

Large-scale, established companies that have substantial influence in the market and economy.

Strict Liability

Liability regardless of fault. In tort law, strict liability may be imposed on defendants in cases involving abnormally dangerous activities, dangerous animals, or defective products.

Sellers

Individuals or entities that offer goods or services in exchange for compensation.