Question: Explain how benchmarking relates to preparing budgets. In other words, why would you want to consider benchmarks when creating a budget?

Explain how benchmarking relates to preparing budgets. In other words, why would you want to consider benchmarks when creating a budget?

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In 200 words (own wrds) please Explain how benchmarking relates to preparing budgets. In other words, why would you want to consider benchmarks when creating a budget?

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