Multiple Choice
Which of the following economic benefits result from the use of standards?
A) Compatibility
B) Reduction in confusion
C) Reduction in production costs
D) Reduction of risk in supplying complementary products
E) All of these
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q3: A razor-and-blade strategy refers to lowering a
Q7: Cellular phone service providers often sell the
Q8: Give an example of an industry that
Q10: When an industry's products rely on a
Q15: The law of diminishing returns states that
Q18: When two or more companies are competing
Q22: One important advantage of being a first
Q37: Battles to set and control technical standards
Q58: Companies that are locked out of a
Q69: Aggressive marketing is a key factor in