The standard in this context refers to the common or usual way that something is done. If 60% - 90% of industry leaders are doing things in a single way, it suggests that this method or approach is the standard within that industry. This is because a majority of the key players in the industry are following this method, indicating its acceptance and effectiveness.

Here are the steps to understand this:

1. Identify the percentage of industry leaders following a certain method: In this case, it's 60% - 90%.

2. Compare this percentage to a majority: A majority is typically considered to be more than 50%. In this case, 60% - 90% is more than 50%.

3. Determine if this method is the standard: Since more than 50% of industry leaders are following this method, it can be considered the standard within that industry.

4. Understand that standards can change: It's important to note that just because something is the standard now, doesn't mean it will always be. Standards can change as new methods are developed and adopted by industry leaders.

Question

The standard in this context refers to the common or usual way that something is done. If 60% - 90% of industry leaders are doing things in a single way, it suggests that this method or approach is the standard within that industry. This is because a majority of the key players in the industry are following this method, indicating its acceptance and effectiveness.

Here are the steps to understand this:

1. Identify the percentage of industry leaders following a certain method: In this case, it's 60% - 90%.

2. Compare this percentage to a majority: A majority is typically considered to be more than 50%. In this case, 60% - 90% is more than 50%.

3. Determine if this method is the standard: Since more than 50% of industry leaders are following this method, it can be considered the standard within that industry.

4. Understand that standards can change: It's important to note that just because something is the standard now, doesn't mean it will always be. Standards can change as new methods are developed and adopted by industry leaders.

Knowee AI · Accepted Answer

The standard in this context refers to the common or usual way that something is done. If 60% - 90% of industry leaders are doing things in a single way, it suggests that this method or approach is the standard within that industry. This is because a majority of the key players in the industry are following this method, indicating its acceptance and effectiveness.

Here are the steps to understand this:

1. Identify the percentage of industry leaders following a certain method: In this case, it's 60% - 90%.

2. Compare this percentage to a majority: A majority is typically considered to be more than 50%. In this case, 60% - 90% is more than 50%.

3. Determine if this method is the standard: Since more than 50% of industry leaders are following this method, it can be considered the standard within that industry.

4. Understand that standards can change: It's important to note that just because something is the standard now, doesn't mean it will always be. Standards can change as new methods are developed and adopted by industry leaders.

What is the standard, if 60% - 90% of industry leaders do things in a single way?

Question

What is the standard, if 60% - 90% of industry leaders do things in a single way?

Solution

Similar Questions

Upgrade your grade with Knowee