ISO 9001 Refers to a Set of International Standards for Quality

question 81

True/False

ISO 9001 refers to a set of international standards for quality management and assurance.

---

Definitions:

Short-Run Elasticity

Measures the responsiveness of demand or supply to price changes over a short period.

Equilibrium Price

The point in the market where the volume of goods available equals the volume of goods sought by buyers.

Maximum Imposed Price

Refers to a price ceiling, which is the highest legal price that can be charged for a product or service, typically set by the government.

Government

The organization or system through which a society or community is governed, typically consisting of various institutions and authorities.