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Meaning of benchmarking

 

 

 

Benchmarking

 

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Business glossary

 

Meaning of term benchmarking :

 

Benchmarking (also known as best practice benchmarking) is a technique used by businesses to try to identify the best practice for production being used in the industry so that they can adopt this method as standard practice for themselves within their own firm.

 

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Benchmarking

 

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Meaning of term benchmarking

 

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