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Questions and Answers
What comes after determining the key performance metrics in the benchmarking process?
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?
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?
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?
What is done after analyzing the data in the benchmarking process?
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In benchmarking process, what follows after setting targets for the new product?
In benchmarking process, what follows after setting targets for the new product?
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