Define Bench Marking
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Benchmarking is a process of measuring the performance of a company's products, services, or processes against those of another business considered to be the best in the industry, aka “best in class.” The point of benchmarking is to identify internal opportunities for improvement.
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Bench marking is a process of measuring a permformence of a company's products, services, or processes against those of another business considered as a best in the industry.
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