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English definition of “benchmark”

benchmark

verb     /ˈbenʃmɑːk/
[T] to measure the quality of something by comparing it with something else of an accepted standard : Being able to benchmark performance is very important for new companies . The European Parliament has launched a programme to benchmark employment laws across the EU.
[I or T] to use something as a standard in order to improve your own work , products , or processes : benchmark (sb/sth) against sth The company continues to benchmark against the competition . The results allow the company to benchmark itself against other organizations and identify areas for improvement .
[T] IT to test the quality and speed of computer software or hardware (= equipment or electronic parts ): Benchmark the speed of your computer .
(Definition of benchmark verb from the Cambridge Business English Dictionary © Cambridge University Press)
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