MetLife Confirms First Quarter 2017 Preferred Stock Dividend. MetLife, Inc. (NYSE:MET) today announced that it has confirmed its previously announced declaration of the first quarter 2017 dividend of $0.
product standard. Definitions (3) 1. A published standard that establishes dimensional requirements for standard sizes and types of various products; 2. A published standard that establishes technical requirements for the product; and. 3. A published standard that establishes methods of testing, grading, and marking the product. The objective of product standards is to define requirements for specific products in accordance with the principal demands of the trade.
DEFINITION of 'Standardization'. A framework of agreements to which all relevant parties in an industry or organization must adhere to ensure that all processes associated with the creation of a good or performance of a service are performed within set guidelines.tandardization can be found in business processes when companies require that a consistent level of quality be achieved. For example, many fast food franchises have detailed processes documented to make sure that a burger is prepared in the same manner regardless of which chain in its franchise a consumer visits.