Longman Dictionary of Contemporary English homepage

benchmark

2 verb
     
benchmark2 [transitive]
to use a company's good performance as a standard by which to judge the performance of other companies of the same type
benchmark somebody/something against something
British Steel is benchmarked against the best operations anywhere in the world.
—benchmarking noun [uncountable]
Definition from the Longman Dictionary of Contemporary English
Advanced Learner's Dictionary.

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