Describe what benchmarking is and how it works.
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A: Introduction:In today's globalized economy, world has become a single marketplace. With advent of…
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A: Given LP- Max Z = 8X + 6YSubject to-X + 2Y ≤85X + 4Y≤20X, Y ≥ 0
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Describe what benchmarking is and how it works.
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