Managing Engineering and Technology 6th Edition by Morse and

Managing Engineering and Technology 6th Edition by Morse and Babcock

Chapter 7 and 8

Question: A point of comparison of performance that represents best practices and performance for similar activities either in or outside the organization can be referred to as a (n) ________________________________

Solution

It is reffered to as Benchmarking.

Benchmarking is process of comparing one\'s own business operations or product with the one competitor follows or produce to bring in efficiencies in the process.