16. Calculate the Trend Analysis from the following figure of Tarun Ltd. taking 2013 as have :
Year
(in Lakhs
Sales
Stock
Gross Profit
2013
1,500
600
450
2014
1,700
700
500
2015
2,000
850
650
2016
2,200
900
700
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In essence, a standard is an agreed way of doing something. It could be about making a product, managing a process, delivering a service or supplying materials – standards can cover a huge range of activities undertaken by organizations and used by their customers.
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