FINAN. AND MANAGERIAL ACCT. CONNECT+PROC
9th Edition
ISBN: 9781265925239
Author: Wild
Publisher: MCG CUSTOM
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Chapter 21, Problem 3BTN
To determine
Standard time:
The standard time refers to that time or the duration which the companies or the organizations set for a particular task and try to achieve their objectives in that particular duration of time. Time is considered to be a very important element in many industries.
To explain: The time elements created by two service industries to create a competitive advantage.
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