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Which of the following statements is true about benchmarking? A. After best practice analysis, a company must then identify the critical success factors for its business. B. Benchmarking is the process of measuring the organization against the products, practices and services of all of its most efficient global competitors. C. Companies undertake best practice analysis to cut costs, boost output, and achieve their strategic business goals and objectives. D. Benchmarking team members should be made up only of senior managers responsible for the strategic planning and management of the company.
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