Question: I need the CORRECT answer to the following ASAP!! Question 20 (2 points) The primary rationale for benchmarking is that it makes no sense to
I need the CORRECT answer to the following ASAP!!
Question 20 (2 points) The primary rationale for benchmarking is that it makes no sense to invent or reinvent a product, process or cost reduction effort that already exists. 1) True 2) False Question 21 (2 points) Which of the following is NOT a step to consider during the benchmarking process: 1) Getting management buy-in 2) Gathering data to analyze for process comparison 3) Creating a team or teams 4) Taking advantage of a competitor by copying their product or process Question 22 (2 points) Benchmarking should be used when: 1) When another company sells a product for less than you can. 2) When your process is clearly better than your competitor's. 3) Your process is close to, but not quite as good as, best-in-class. 4) Your process is too far behind to catch up with best-in-class through incremental improvement. Question 23 (2 points) One of the three phases of benchmarking is: 1) Reporting 2) Conclusion 3) Copying 4) Post-execution
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
