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A benchmark is a feasible alternative to a portfolio against which performance is measured.
A standard against which a security performance is compared. A benchmark is usually an index of securities of the same similar class
The average annual performance of a class of securities over time is a benchmark against which current performance of members of that class and the class itself is measured
A measurement of the quality standards of an organization’s policies, products, programs, strategies etc.. and their comparison with standard measurements of its peers.
The objectives of Bench-marking are:
- To determine what and where improvements are called for.
- To analyze how other organizations achieve their high performance levels.
- To use the information to improve performance.
Eg and Statement Formation:
Australian Cricket set the benchmark for other cricketing nations by winning three consecutive World Cups.
- A benchmark is a point of reference by which something can be measured in surveying a benchmark is a post or other permanent mark established at a known elevation that is used as the basis for measuring the elevation of other topographical points.
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