Which of the following is true of benchmarking? A) It is an analysis

Which of the following is true of benchmarking?

A) It is an analysis in which a firm’s ratio values are analyzed to project the fundamental values of the assets for upcoming years or business cycle.
B) It is an analysis in which a firm’s ratio values are compared with those of a key competitor or with a group of competitors that it wishes to emulate.
C) It is an analysis in which a firm’s financial performance over time is evaluated using financial ratio analysis.
D) It is a financial statement analysis technique which combines cross-sectional and time-series analyses.

ANSWER

B