Define Standardization and How Is This Concept Is Relevant to the Degree

question 23

Essay

Define standardization and how is this concept is relevant to the degree of organizational centralization?

---

Definitions:

Finished Product

A good that has completed the manufacturing process and is ready for sale to customers.

Production Process

Refers to the method or sequence of operations involved in the production of a good or service.

Prime Costs

The combined costs of direct materials and direct labor, which are directly attributable to the production of goods.

Prime Costs

A business's direct costs of materials and labor that are associated with the production of goods or services.