Product standardization results in higher production costs.

Name: Product standardization results in higher production costs.
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

Product standardization actually results in lower production costs because it allows for more efficient processes and economies of scale. By creating standardized processes and using the same materials and components, companies can streamline their production, reduce waste, and negotiate better prices with suppliers. This helps to lower overall costs and increase profitability.

Product Standardization Results in Higher Production Costs