4 Questions
What is the primary function of a market standard?
To ensure fair competition among market players
How does a market standard affect consumer choice?
It guarantees high quality and safety of products
What is the potential drawback of overly stringent market standards?
Stifling innovation and creativity
In what way do market standards contribute to international trade?
By aligning product specifications across countries
Test your knowledge of market standards with this quiz. Explore the primary function of market standards, their impact on consumer choice, potential drawbacks of overly stringent standards, and their role in international trade.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
