Business A-Level
Benchmarking
What Benchmarking means in Business A-Level, as defined for Pearson Edexcel.
Definition of Benchmarking
The process of comparing a firm's performance metrics and business processes to industry bests or best practices from other companies.
Topics that use Benchmarking
- Assessing competitiveness (Pearson Edexcel A-Level)
Related terms
Using Benchmarking in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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