Thursday, July 30, 2009

Economics: An example of a standardized product is (a) toothpaste. (b) paper towels. (c) dresses.

I would say b) Paper towels.


There appears to be more variation in the other products.

Economics: An example of a standardized product is (a) toothpaste. (b) paper towels. (c) dresses.
None of these products are standardized. There are different varieties (e.g., sizes, shapes, textures, and or flavors) of all three. A standardized good is something like a pond of sugar or a bushel of wheat.
Reply:dresses,only,branded one,are termed as standardised pronduct because it is luxurious item,which is not necessary for survival.others are counted in normal necessities-used daily in our life.
Reply:If I had to choose from this list, I would have to go with the paper towls, but I don't think they are very standardized these days.


The idea of a standardized product is that it is a nearly identical product made in many different places.

hydrangea

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