FINANCIAL AND MANAGERIAL ACCTG W/ACC CRD
FINANCIAL AND MANAGERIAL ACCTG W/ACC CRD
9th Edition
ISBN: 9781266515071
Author: Wild
Publisher: MCG CUSTOM
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Chapter 21, Problem 3BTN
To determine

Standard time:

The standard time refers to that time or the duration which the companies or the organizations set for a particular task and try to achieve their objectives in that particular duration of time. Time is considered to be a very important element in many industries.

To explain: The time elements created by two service industries to create a competitive advantage.

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