What is the abbreviation for benchmark?

Abbreviation: BM of, relating to, or resulting in a benchmark: benchmark test, benchmark study. to test (something) in order to develop a standard: IT benchmarked the new software. to measure (something) against a standard: executive salaries benchmarked against the industry.

What is the difference between a benchmark and a computer?

any standard or reference by which others can be measured or judged: The current price for crude oil may become the benchmark. Computers. an established point of reference against which computers or programs can be measured in tests comparing their performance, reliability, etc.

What is benchmarking & why is it important?

What Is Benchmarking? Benchmarking is a process where you measure your company’s success against other similar companies to discover if there is a gap in performance that can be closed by improving your performance. Studying other companies can highlight what it takes to enhance your company’s efficiency and become a bigger player in your industry.

What are benchmark indexes & how are they created?

Benchmark indexes have been created across all types of asset classes. For example, the S&P 500 and Dow Jones Industrial Average are two of the most popular large-capitalization stock benchmarks in the equities market. The S&P 500 was created by Standard & Poor's.