Respuesta :
When competitors like Walmart and target compare their processes to try to improve their methods, it is an example of: benchmarking
Benchmarking is comparing your business processes and key performance indicators to industry best practices and other companies' best practices. Dimensions commonly measured are quality, time, and cost. Benchmarks are used to measure performance against a particular metric (cost per unit, productivity per unit, cycle time of x per unit, or errors per unit) and are used to measure performance against one performance metric against another. Compare with the metric of
A benchmark is an assessment of where an organization is performing to improve performance by measuring and comparing key business metrics and practices relative to competitors, peers, or other companies within a business unit or around the world. It's the process of understanding what needs to be changed.
Learn more about benchmarks here: https://brainly.com/question/775155
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