An example of a standardized good is:

Question

Quizplus · Accepted Answer

Grain is a raw material that is generally classified as a standardized good, as it is widely produced, traded, and consumed in a consistent form. Other examples of standardized goods include basic metals, petroleum products, and certain agricultural commodities such as coffee and cotton.

Option B (granola cereal) and Option C (hamburgers) are both processed products that are likely to have variations in quality, ingredients, and production methods, making them less suitable for standardization. Option D (digital cameras) is a manufactured product that undergoes constant innovation and changes in features and design, making it difficult to classify as a standardized good.

An Example of a Standardized Good Is