BENCHMARK

n. a standard for measuring performance and achievement. This standard is often used as a reference point for improving job performance in the future and for maintaining a smiliar level of achievement in the same setting.

BENCHMARK: "To excel above others in the business, it helps to benchmark your performance in relation to other competitors. "
Cite this page: N., Pam M.S., "BENCHMARK," in PsychologyDictionary.org, April 7, 2013, https://psychologydictionary.org/benchmark/ (accessed December 3, 2019).
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