Benchmarking refers to a. comparing a firm's ratios to a meaningful standard
b. claiming a geographic area (state, region, etc) for doing business
c. influencing the prices charged by suppliers, or setting prices charged to customers
d. reducing price until dollar volume increases

A

Explanation:

Benchmarking is the process of comparing a firm's ratio to a meaningful standard. the standard could be industry average, comparable firms ratios or the standardized ratio

Benchmarking can be used to know the performance of a company when compared to other firms

it can also be used to determine if a stock's value is overvalued or undervalued.

For example, if the price of a stock when calculated with CAPM is $14 and the stock is selling for $20. We can determine that the stock is overvalued. this can help the firm or investors determine the appropriate action

for example, an investor can decide to sell the overvalued stock

enlightenment impacted society by introducing the idea that mankind could use reason to discover the laws of the world and the rights of mankind. these ideals affected all factions of society, from politics to religion.