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A firm should confine mind when taking actions to increase the efficiency of its service package is Standardization may have a negative impact on perceived quality by customers. Streamlining product offerings may reduce customers' desired product options.

What does one mean by standardization?

Standardization is that the process of developing, promoting and possibly mandating standards-based and compatible technologies and processes within a given industry. Standards for technologies can mandate the standard and consistency of technologies and ensure their compatibility, interoperability and safety.

Why is standardization important?

The goal of standardization is to make sure uniformity to certain practices within the industry. Standardization focuses on the merchandise creation process, operations of companies , technology in use, and the way specific compulsory processes are instituted or carried out.

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