Accounting for IGCSE & O level - Advanced Principles (Section 4 - No. 7)
What is 'benchmarking' in financial analysis?
A method of assessing the financial performance of a company.
Comparing a company's financial results with industry averages or competitors.
A method to predict tax revenues
A method to assess management's performance
הֶסבֵּר
Benchmarking is a comparative analysis.