Reducing cost from Rs 110 Cost at Rs. 10

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Target Exam

CUET

Subject

Business Studies

Chapter

Controlling

Question:

Reducing cost from Rs 110 Cost at Rs. 100 per unit is an example of which standard?

Options:

Quantitative standard

Qualitative standard

Both 1 and 2

Neither 1 nor 2

Correct Answer:

Quantitative standard

Explanation:

Quantitative standards are characterized and pre-packaged in unit containers at defined concentrations.