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Benchmarking is a process whereby a company's financial results are compared with others in the industry. Why is this a useful practice?

Benchmarking is a process whereby a company's financial results are compared with others in the industry. Why is this a useful practice?

Question:Benchmarking is a process whereby a company's financial results are compared withothers in the industry. Why is this useful practice?Solution:Benchmarking is the process that measures...
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