How is benchmarking beneficial?
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter14: Quality And Environmental Cost Management
Section: Chapter Questions
Problem 16DQ: What is ecoefficiency?
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How is benchmarking beneficial?
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Step 1
Benchmarking is a measure which determines a company's competitive position through comparing its own performance with the competitors' performance. It is a process of discovering performance which best suits for particular company.
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