Business Terms and Jargon Explained

What is Benchmark

This is a standard or predetermined level to use as a reference point. Individuals and products can be measured by a benchmark in their specific area. The benchmark is a standard and there can be a number of standards.

E.g. A benchmark for a good building. This can be considering a shed ,a house , a block of flats, a mansion. Each category will have it own benchmark as to quality.

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Term created / updated 2006-07-03 23:35:02

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