babourifarah babourifarah
  • 20-11-2021
  • Social Studies
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What is standardization? When is standardization used? Why is standardization important? What is the problem with not using standardization?

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isabelle2622
isabelle2622 isabelle2622
  • 21-11-2021
1. The process of making something conform to a standard.

2. In trading stocks, and futures.

3. The standards make sure that goods produced in a certain industry come with quality.

4. It helps ensure safety of the goods, if not used then you can’t trust the producers.
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