$01$:$13$:$47$

Time Remaining

$22$

$1$ point

Benchmarking can be defined as the practice of:

measuring the time that it takes for a good to be delivered or a service to be performed.

analyzing the financial position of a company and creating the income statements and the balance sheets.

monitoring activities related to the design, creation, and delivery of a product, its marketing, and its support and after$-$sales service.

measuring how well a company is doing by comparing it to another company, or to itself, over time.

developing products that are new to the world or have superior attributes to existing products in the market.