Benchmarking is a process of measuring the performance of a companys products services or processes against those of another business considered to be the best in the industry aka best in class the point of benchmarking is to identify internal opportunities for improvement. In surveying a bench mark two words is a post or other permanent mark established at a known elevation that is used as the basis for measuring the elevation of other topographical points.
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Comparison and improved performancethe introduction of gunpowder arms replaced the bow and arrow from the archer the soldier who used the bow.
Whats a benchmark. A benchmark is a standard against which the performance of a security mutual fund or investment manager can be measured. In computing a benchmark is the act of running a computer program a set of programs or other operations in order to assess the relative performance of an object normally by running a number of standard tests and trials against it. Benchmark definition is something that serves as a standard by which others may be measured or judged.
The term benchmark originates from the history of guns and ammunition in regards to the same aim as for the business term. Standard or a set of standards used as a point of reference for evaluating performance or level of quality. Benchmarks may be drawn from a firms own experience from the experience of other firms in the industry or from legal requirements such as environmental regulations.
A benchmark is a point of reference by which something can be measured. Generally broad market and market segment stock and bond indexes are used. If a fund returned 59 in a particular year but.
A standard by which something can be measured or judged. The archer now had to adapt to the new situation and learn to handle the gun. The term benchmark is also commonly utilized for the purposes of elaborately designed benchmarking programs themselves.
A benchmark is an unmanaged group of securities which are considered as a benchmark to measure a fundsstocks performance. The new hotel is a benchmark in opulence and comfort. Benchmarks are generally broad market indices like bse sensex cnx nifty of the indian stock market with which mutual fund returns are compared.
Benchmark synonyms benchmark pronunciation benchmark translation english dictionary definition of benchmark. Has the benchmark on pace for its worse week since the 2008 global financial crisis and helped push the index into what is known as a correction. Benchmark definition a standard of excellence achievement etc against which similar things must be measured or judged.
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