Question : It is the process of classification of products into different groups. Which function of management is highlighted in the given statement?
Option 1: Standardization
Option 2: Grading
Option 3: Product designing
Option 4: Development
Correct Answer: Grading
Solution : Grading is the process of classification of production to different groups on the basis of some of its important characteristic such as quality,size, etc.
Hence, option B is correct.