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Question
Which of the following options explains the 'standardisation and grading' function of marketing?
Options
it affects the success or failure of a product in the market.
it refers to designing and developing the package for the products.
it helps in achieving uniformity and consistency in the output and classifies products into different groups based on their size.
it reduces the need for inspection of products.
Solution
it helps in achieving uniformity and consistency in the output and classifies products into different groups based on their size.
Explanation:
Producing items according to set requirements is known as standardization, and it aids in obtaining output that is consistent and uniform. Grading is the process of dividing products into various categories according to some of their key attributes, such size, quality, etc.
