benchmarking

Definition

Use benchmarking in a sentence

They were a benchmarking team and everyone tried to outdo each other in order to be the best on the team.

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I did some benchmarking by contacting florists in the area and asking them about their services, comparing theirs to ours.

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The young industrious factory worker knew that by benchmarking his production methods and system against those of top industry leaders, he would be able to accurately gauge his business's readiness to enter the larger markets.

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benchmark surplus tracking error