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The earliest known use of the word benchmark is in the 1820s. OED's earliest evidence for benchmark is from 1826, in Message from President: Rep. Proposed Chesapeake & Ohio Canal. benchmark is formed within English, by compounding. Etymons: bench n., mark n.1. See etymology.
benchmark: 1 n a surveyor's mark on a permanent object of predetermined position and elevation used as a reference point Synonyms: bench mark Type of: point of reference , reference , reference point an indicator that orients you generally n a standard by which something can be measured or judged “his painting sets the benchmark of quality” ...
Feb 2, 2023 · Benchmarking is the process of comparing your company’s performance against companies that operate in the same niche, are of similar size, and have a similar target audience, using benchmarks. Benchmarks are simply the reference points that will be used for comparison.
3 meanings: 1. a mark on a stone post or other permanent feature, at a point whose exact elevation and position is known: used.... Click for more definitions.
Mar 20, 2024 · Benchmarking Definition Benchmarking is a strategy tool used to compare the performance of business processes and products with the best performances of other companies inside and outside the industry.
Definition of benchmark noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Jul 6, 2024 · benchmark (third-person singular simple present benchmarks, present participle benchmarking, simple past and past participle benchmarked) ( transitive) To measure the performance or quality of (an item) relative to another similar item in an impartial scientific manner. ( intransitive, followed by at) To give certain results in a benchmark test.
