A "best practice"which?
a. is a way of performing an activity that at least one company has proved works particularly well
b. refers to the best-known procedure for performing a specific task or activity so as to achieve the lowest possible costs
c. refers to performing strategy-critical activities in a series of steps that closely matches established industry standards
d. refers to those particular value chain activities that a firm performs best relative to other value chain activities
e. refers to performing a particular value chain activity in "world-class" fashion (one unmatched by any other company in the world)
The solution answers the multiple choice question below. No explanation has been given because the answer choices are pretty self explanatory.