Which of the following statements best characterizes productivity benchmarking?

Question

Which of the following statements best characterizes productivity benchmarking? A. Benchmarking is a sharing of information on production processes between two organizations. B. Benchmarking firms can be compared using partial-, multi-factor-, and total productivity measures, but not productivity indexes. C. In addition to improvement in the benchmarking firms, the openness of benchmarking often creates an additional barrier to competition. D. Benchmark measures differ notably from productivity measures.

Explanation / Answer

Question:- Which of the following statements best characterizes productivity benchmarking?

Answer:- C. In addition to improvement in the benchmarking firms, the openness of benchmarking often creates an additional barrier to competition.

Reason:- openness can create a competitive advantage through creating psychological barriers to competition.

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