The ISO 9000 Certification Will Allow a Company To

question 38

Multiple Choice

The ISO 9000 certification will allow a company to:

• A) hedge its risk from currency fluctuations.
• B) increase its revenues from associated services.
• C) diversify into other product lines.
• D) differentiate its product from its competitors.
• E) provide after-sales services.

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Definitions:

Product Differentiation

The process of distinguishing a product or service from others in the market to make it more attractive to a particular target market.

Market

An area or arena in which commercial dealings are conducted.

Pricing Objectives

Pricing objectives are the goals a company aims to achieve through its pricing strategies, such as maximizing profit, increasing market share, or targeting a specific market segment.

Components

Fundamental parts or elements that combine to form a complex system, mechanism, or product.