Benchmarking Process for New Product Development
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Questions and Answers

What comes after determining the key performance metrics in the benchmarking process?

  • Gather data (correct)
  • Analyze the data
  • Set targets
  • Develop strategies

    • What is the first step in the benchmarking process for creating a new product?

  • Gather data
  • Identify the competitor (correct)
  • Analyze the data
  • Determine the performance metrics

    • What is the ultimate goal of developing strategies in benchmarking process?

  • Gather more data
  • Identify more competitors
  • Analyzing more data
  • Meet or exceed the set targets (correct)

    • What is done after analyzing the data in the benchmarking process?

    <p>Set targets</p> Signup and view all the answers

    In benchmarking process, what follows after setting targets for the new product?

    <p>Implement changes</p> Signup and view all the answers

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