Mitchell Grant is a self-taught investor with over 5 years of experience as a financial trader. He is a financial content strategist and creative content editor. Standardization creates consistency ...

A Standard Test Method is a conclusive procedure that yields a test result. So as to achieve accurate and relevant test results, a standard test method is definite, unambiguous, and experimentally ...

There's a big difference, and it's very simple: standards are good, standardization is bad. When an industry develops to standards, what you get is competition, buyer choice, and technical progress.