Answer :
According to the product-process matrix, the choice of which process type to select is based on two main characteristics: product volume and product standardization. This statement is True.
What's product standardization?
- Standardization is the process of enforcing and developing specialized norms grounded on the agreement of different parties that include enterprises, druggies, interest groups, norms associations, and governments.
- Standardization can help maximize comity, interoperability, safety, repetition, or quality.
- It can also grease a normalization of formerly custom processes.
- In social lores, including economics, the idea of standardization is close to the result of a collaboration problem, a situation in which all parties can realize collective earnings, but only by making mutually harmonious opinions.
What's product standardization with illustration?
- The norms insure that goods or services produced in a specific assiduity come with harmonious quality and are original to other similar products or services in the same assiduity.
- Standardization also helps in icing the safety, interoperability, and comity of goods produced.
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