benchmark
Definition
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 firm's own experience, from the experience of other firms in the industry, or from legal requirements such as environmental regulations.
benchmark is in the Industries, Manufacturing, & Technology and Quality Control & Management subjects.
benchmark appears in the definitions of the following terms:
training objective,
test criteria,
competition-based pricing,
criterion,
standards,
objective standard,
risk free investment,
financial accounting standards (FAS),
standard,
gains sharing
and
benchmark appears in the other terms: benchmark index, benchmark data, competitive benchmarking, benchmark job, benchmark measures, skill benchmarking, benchmarking, benchmark crude, benchmark interest rate
This content can be found on the following page:
http://www.businessdictionary.com/definition/benchmark.html
email to a friend
print this definition
cite this definition
link to this page