ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

QUALITY CONTROL

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
____ is the process of comparing one’s own products, services, or processes against those of industry leaders for the purpose of improvement
A
Kaizen
B
External Customer
C
Special-Purpose Team
D
Benchmarking
Explanation: 

Detailed explanation-1: -Benchmarking is defined as the process of measuring products, services, and processes against those of organizations known to be leaders in one or more aspects of their operations.

Detailed explanation-2: -Process benchmarking shows an organization how it rates in operational performance compared to peers and industry leaders, and highlights the areas that have the greatest potential for near-term and long-term process improvement.

Detailed explanation-3: -Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies.

There is 1 question to complete.