Social Sciences, asked by ayushjoge6, 1 day ago

what is meant by standardization of good. describe the standaration of various products​

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Answered by adityamhaske7474
0

Standardization ensures that certain goods or performances are produced in the same way via set guidelines. Standardized lots are used in trading stocks, commodities, and futures to allow for greater liquidity, efficiency, and reduced costs.

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