Final answer:
Standardization benefits consumers with increased productivity and lower prices. An example of a standardized product is McDonald's fast food chain.
Step-by-step explanation:
The benefits of standardization include increased productivity and a larger variety of goods available at lower prices for consumers. It also provides efficiency, predictability, calculability, and control for businesses. One example of a standardized product is the McDonald's fast food chain, where customers receive the same type of goods, store organization, brands, and prices across all locations.