BENCHMARK in Business & Finance Meaning
The BENCHMARK meaning in Business & Finance terms is "Benchmarking". There are 1 related meanings of the BENCHMARK Business & Finance abbreviation.
BENCHMARK on Business & Finance Full Forms
- Benchmarking The process of reverse engineering a competitor’s product to assess how your product compares to their design and technology. Benchmarking gives insight into new designs, materials and technologies as well as new engineering ideas that can be used to improve a product design. Cars are either benchmarked cooperatively by two companies looking for mutual gain, or are benchmarked by purchasing a product to analyze and gain insights on technological advantages.
Frequently Asked Questions (FAQ)
What does BENCHMARK stand for Business & Finance?
BENCHMARK stands for Benchmarking in Business & Finance terms.
What is the shortened form of Benchmarking in Business & Finance?
The short form of "Benchmarking" is BENCHMARK for Business & Finance.
Citation
BENCHMARK in Business & Finance. Acronym24.com. (2020, May 24). Retrieved March 12, 2025 from https://acronym24.com/benchmark-meaning-in-business-finance/
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