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What methods helps speed up the distribution of goods?
standardization
What is the definition of Iso-product in Economics?
ISO stands for the International Organization for Standardization, this organization assists in holding manufacturers product to certain standards on a global scale. These standards enable products and services of different origins to be compatible and interoperable globally.
What are processes for standadisation of goods?
Standardization of goods involves establishing uniform specifications and criteria to ensure consistency, quality, and safety across products. This process typically includes defining technical standards, conducting testing and certification, and implementing quality control measures. Organizations like ISO (International Organization for Standardization) often play a key role in developing these standards. Ultimately, standardization facilitates trade, enhances consumer confidence, and improves product compatibility.
What are the advantages and disadvantages of standardization in manufacturing?
The advantages of standardization in manufacturing are cost effectiveness and integration. Standardization of lathe cutting tool stock sizes and tool post mounts for instance allow tool post manufacturers to cover a huge range of lathe designs and uses with a single product, whereas otherwise a potentially huge range of tool post products might be required to furnish the functionality of a given tool post design to diverse lathes and cutting tool dimensions. The basic potential disadvantage of standardization in manufacturing is that it may lock in obsolescence. Tool stock developments may for instance render tool posts designs obsolete for the advantages of new tools, or a given tool post mount design may for instance preclude using the advantages offered by new tool post designs, which thus makes the lathes obsolete. Because good system designs can exercise foresight to ensure long term non-obsolescence, there are usually general advantages to be realized from standardization wherever a fitting, universal vision for standardization can be conceived.
What is one disadvantage of standardization in America Business?
it discouraged individuality!
What is product standardisation and product adaptation?
Product standardization refers to is the process companies go through to limit differences in products. Product adaptation is the process by which companies adjust their products to meet customer's needs.
Balancing standardization and adaptation for product performance in international markets?
yes it should be balanced to adjust the environment
What are examples Of Product Standardization?
are eggs and milk a standardized product
Standardization means product uniformity in terms of?
Quality
What is the difference between standardization and adaptation?
Standardization is remaining the same in all circumstances. For an example, in marketing it could be explained as selling the same products in the same way. Adaptation can be seen as adjusting to each situation accordingly. Again, using marketing as an example, this could be seen as changing the way you market depending on the type of market you are targeting.
What is the difference between product simplification specialization and standardization?
Standardization is a technique in which company establishes a standard such as product dimensions, size, quality and then company produces product on the basis of that standard. For example a manufacturing company produces shaft of standard shape and size. Simplification is the technique of reducing the diversity among the products. It is the process of minimizing product items to restrict production of useless products. Note: Simplification and standardization are closely related to each other. To get full benefit of standardization there is always a need of implementing simplification.
Describe the advantages and disadvantages of product adaptation in exporting?
When a business looks at exporting their product the decision-making will focus around product adaptation or product standardization;Advantages of product adaptationYou can 'tailor-made' your product to suit the needs of the specific cultural tastes of the country you are marketingDisadvantages of product adaptationIt will increase cost of production and will not benefit from economies of scale due to each products design/packing varying from country to country
What is product adaptation?
Product adaptation is a kind of marketing strategy wherein a company develop new products. The new product is based on modification of existing items.
Which is recommended for those products with the lowest volume and the lowest standardization on the product continuum?
Continuous flow
What is product standardization?
Developing standerized product marketed world wide with a standerized marketing mix. OR Selling essentially the same product in the same market across the world
What methods helps speed up the distribution of goods?
standardization
Which process is recommended for those products with the lowest volume and the lowest standardization on the product continuum?
Continuous flow
