Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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How the concepts and system of benchmarking could support one company to improve its competitiveness?
Expert Solution
Step 1
Introduction:
For any organization, benchmark is acknowledgement for its outstanding operating performance. This is a means of identifying a company that is really successful at some particular operation. Know what’s going to be done and learn ideas to develop the activity in this field.
It is a mechanism by which a business tests its products, services and policies against the strongest rivals or other businesses which are regarded as the market leaders of their respective industry.
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