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1. A standard by which something can be measured or judged: "Inflation ... is a great distorter of seemingly fixed economic ideas and benchmarks" (Benjamin M. Friedman).
2. often bench mark A surveyor's mark made on a stationary object of previously determined position and elevation and used as a reference point, as in geologic surveys or tidal observations.
tr.v. bench·marked, bench·mark·ing, bench·marks
To measure (a rival's product) according to specified standards in order to compare it with and improve one's own product.
[From the use of the surveyor's mark as a place to insert an angle iron that serves as a bench, or level surface, for the support for a leveling rod.]
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
(Commerce) commerce comparison of practices within different companies, to decide what is most effficient
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
Collins English/French Electronic Resource. © HarperCollins Publishers 2005
n (Econ) → Benchmarking nt
Collins German Dictionary – Complete and Unabridged 7th Edition 2005. © William Collins Sons & Co. Ltd. 1980 © HarperCollins Publishers 1991, 1997, 1999, 2004, 2005, 2007