Accounting · Management Accounting
Complete the following explanation of benchmarking: There are four types of benchmarking, being (Gap 1), competitive, functional, and strategic. Comparing the results of Grub Co with McDonald's would be a form of (Gap 2) benchmarking.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Gap 1: External; Gap 2: Strategic
- 2Gap 1: Introspective; Gap 2: Strategic
- 3Gap 1: Introspective; Gap 2: Functional
- 4Gap 1: Internal; Gap 2: Competitive✓
Correct answer
Gap 1: Internal; Gap 2: Competitive
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