This is a method used by businesses to manage quality is by comparing their practices or performance indicators to with those of the best in the industry. It is commonly abbreviated as .....

QUALITY MANAGEMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

This is a method used by businesses to manage quality is by comparing their practices or performance indicators to with those of the best in the industry. It is commonly abbreviated as ____

A	BMJ
B	BTC
C	BTB
D	BPB

Explanation:

Detailed explanation-1: -The process of comparing the products and services with those of best in the industry to improve quality and performance is known as bench marking.

Detailed explanation-2: -Quality indicators are performance measures designed to monitor one or more processes during a defined time and are useful for evaluating service demands, production, personnel, inventory control, and process stability.

Detailed explanation-3: -Types of KPIs include: Quantitative indicators that can be presented with a number. Qualitative indicators that can’t be presented as a number. Leading indicators that can predict the outcome of a process.

Detailed explanation-4: -Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies.

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