Industry/sector benchmarking compares:
A. Organisational performance between firms/public sector organisations in different industries or sectors
B. Organisational performance between firms/public sector organisations in the same industry or sector
C. Organisational performance between firms/public sector organisations in different countries
D. Organisational performance between different divisions of the firm
Answer: Option B
Solution(By Examveda Team)
Industry/sector benchmarking compares Organisational performance between firms/public sector organisations in the same industry or sector. Competitive or Industry/sector benchmarking enables an organization to compare its performance with competitors trading in the same industry or sector. Functional or external benchmarking involves comparing your business activities with those of companies from other industries/sectors with similar processes.This Question Belongs to Management >> Strategic Management
Strategy is developed by the visionary chief executive in ___________ mode of strategic management
A. planning mode
B. adaptive mode
C. strategic mode
D. entrepreneurial mode
Stability strategy is a ____________ strategy
A. corporate level
B. business level
C. functional level
D. strategic level
What are the means by which long term objectives will be achieved?
A. Strategies
B. Policies
C. Strength
D. Opportunities
Marketing strategy is a ___________ type of strategy
A. business level
B. Growth strategy
C. corporate strategy
D. functional strategy
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