Which of the Following Is Not True Regarding Standards

question 11

Multiple Choice

Which of the following is not true regarding standards?

• A) In the U.S., standards used by organizations are commonly based on those developed by the American Society for Testing and Materials.
• B) In Europe, the most popular standard for quality is the ISO 9000 collection.
• C) The ISO 1400 series of standards is for managing environmental issues.
• D) The most comprehensive of the standards is now ISO 9001, which the U.S. has adopted as ANSI/ASQC Q9001.
• E) In general, companies that want to do business in the U.S. must have at least ISO 9000 registration.

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Definitions:

Barriers To Entry

Factors that prevent or hinder new competitors from easily entering an industry or area of business, often maintaining high levels of profit for those already established.

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.

Monopolistic Competition

A market structure where many firms offer products that are similar but not perfect substitutes, allowing for some degree of market power.

Advertising

The act of promoting a product, service, or brand through various forms of media in order to attract and retain customers.