Common terminology, uniform weights and measures, and consistent specifications for both quantities and qualities of goods are called

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Common terminology, uniform weights and measures, and consistent specifications for both quantities and qualities of goods are collectively known as market standards. These standards help ensure that all parties involved in a transaction have a shared understanding of the product being exchanged, and can help prevent misunderstandings or disputes from arising.

Common Terminology, Uniform Weights and Measures, and Consistent Specifications for Both