The advantages of standardization include which of the following?
I.Extending the product life cycle
II.Fewer parts to deal with in inventory
III.Reduced time and cost to train employees
IV.Purchasing is more routine
A) I, II
B) I, IV
C) I, II, III
D) II, III, IV
E) I, II, III, IV

Question

Quizplus · Accepted Answer

Standardization leads to fewer parts in inventory, reduced training time and cost, and more routine purchasing, but it does not necessarily extend the product life cycle.

The Advantages of Standardization Include Which of the Following