differentiate between bench marking and bench trending.
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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.Bench trending is a continuous tracking of certain performance metrics with specific performance. Explanation: Benchmarking. Benchmarking is the process of evaluating the business performance with the standard business metrics of the industry.
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