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1. Describe the steps involved in benchmarking.
2. Why would a company be interested in benchmarking? What would they hope to gain by benchmarking?
3. Use Verizon cell phone service as an example and describe the steps and activities involved in benchmarking. Be sure to indicate which type of benchmarking would be most appropriate and why, as well as whom they should benchmark against and what they should measure.
A drunk driver ran a red light and smashed into Kristen’s car. The cost to repair the car is $8,000. She has collision insurance on her car with a $500 deductible. can Kristen
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