Answered: Provide a long and detailed self…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Provide a long and detailed self explanatory solution on what are the benefits of global standardizations?

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Standardization is a very important factor for the businesses and industries which are conducting their activities not only in national boundaries but international boundaries too. Through standardization it becomes easy to conduct various activities and keep a good quality check on its various products and services too. Standards are important as it helps to keep a business in check and also to maintain harmony with customers.

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