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What is meant by standardisation of product? - Economics

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What is meant by standardisation of product?

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Solution

Standardisation of products refers to the process of implementing and developing technical standards to ensure the high quality of a product for the assurance of the consumers.

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Chapter 14: Consumer Awareness - QUESTION BANK [Page 217]

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Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 14 Consumer Awareness
QUESTION BANK | Q 19. (i) | Page 217
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