The Board of Directors of your company have recently attended a training program on Benchmarking organized by the Institute of Directors but at the end of the program, the Board Members did not understand the key topics discussed under Benchmarking. On their return back to the Office, they were very much certain to use one of their own internal resource persons to explain to them the process of benchmarking. REQUIRED As the Cost and Management Accountant of your organization, you are required to write a report to the Board of Directors, explaining to them, the key topics to be covered under benchmarking