AN EXPLORATORY COST-BENEFIT STUDY OF A BRITISH STANDARD FOR UPHOLSTERED FURNITURE FABRIC

Without an evaluation of the costs and benefits arising from the production of standards for consumer goods, consumer policy makers will be operating with incomplete information in their decision-making. A standard specification for a fabric used in upholstered furniture is costed to see what resources were used in its preparation and what benefits can be estimated to have accrued to the consumer.