In Many Countries, the Term Used to Describe the Changes

question 70

Multiple Choice

In many countries, the term used to describe the changes mandated by local product and service standards is product ____.

• A) localization
• B) blending
• C) standardization
• D) dilution
• E) homologation

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Definitions:

Net Present Value

A financial metric that calculates the value of a project or investment's expected future cash flows, discounted back to their present value.

Process

A series of actions or steps taken in order to achieve a particular end.

13-Inch Rolls

A specification often used in industries such as printing or paper manufacturing, referring to the width of rolls of material.

Constraint

A limitation or restriction within a process or system.