world_organizations medium Fill in the Blank

ISO standards are developed by technical committees comprising experts from industry, government, NGOs, and academia, following the principles of consensus, _____, and transparency.

  1. speed
  2. profitability
  3. industry-wide relevance
  4. exclusivity

Answer: industry-wide relevance

ISO standards development follows key principles: consensus among stakeholders, industry-wide relevance to ensure broad applicability, and transparency in procedures. This ensures standards meet global market needs.

Topic International Organization for Standardization
Exam Relevance UPSC, SSC, Banking
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