Question $20$

$2\mathrm{.}17$ pts

The managers of Z$-$Cosmetics, after identifying key measurements, decided to set performance targets for their business. In order to fulfill the purpose, they adopted a process that required management to collect data from Color Cosmetics, a leading manufacturer in the industry. The managers of Z$-$Cosmetics believed that adopting the best practices across the industry would help them achieve their goals more effectively. Which of the following processes is Z$-$Cosmetics using to set performance targets?

Total quality management

Budgeting

Activity$-$based costing

Benchmarking