International Business: The Challenges of Globalization (8th Edition)
International Business: The Challenges of Globalization (8th Edition)
8th Edition
ISBN: 9780133866247
Author: John J. Wild, Kenneth L. Wild
Publisher: PEARSON
Question
Book Icon
Chapter 15, Problem 1TAI1
Summary Introduction

Case Summary:

The certificate for quality and pollution control i.e. ISO (International Organization for Standards) is what all companies are getting committed to in this economy.

Adequate information:

The increased status and value of the firm is due to this ISO certification. And the companies are progressively committed to getting this certification in a numerous number of areas.

To Determine:

The long-term trend towards the global standardizations of product and process standards

Expert Solution & Answer
Check Mark

Answer to Problem 1TAI1

Solution:

A company can only get/qualify the ISO certificate when it can meet the crown standards for the product and process. The expectation and needs of the customers should meet the standards or should exceed them.

Explanation of Solution

Given information:

ISO is a certificate which each and every company should have to have a long-term stabilization for their business in this economy.

Conclusion

To receive the ISO certificate the company should indicate its reliability and carefulness in business activities. The process and product will then improve its qualities.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
The following information is provided by the Salinger Corporation for the year: Actual direct labor hour's worked 62,100 Budgeted overhead $ 4,05,000 Budgeted direct labor hours 50,500 Actual overhead costs incurred $ 6,21,000 Which of the following is the predetermined overhead rate, if calculated using direct labor hours? a. $1.53. b. $6.52. c. $8.02. d. $12.30.
Snap Corporation
In the Crane Company, Indirect labor is...
Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
BUSN 11 Introduction to Business Student Edition
Business
ISBN:9781337407137
Author:Kelly
Publisher:Cengage Learning
Text book image
Essentials of Business Communication (MindTap Cou...
Business
ISBN:9781337386494
Author:Mary Ellen Guffey, Dana Loewy
Publisher:Cengage Learning
Text book image
Accounting Information Systems (14th Edition)
Business
ISBN:9780134474021
Author:Marshall B. Romney, Paul J. Steinbart
Publisher:PEARSON
Text book image
Introduction to Business
Business
ISBN:9781947172548
Author:OpenStax
Publisher:OpenStax College
Text book image
International Business: Competing in the Global M...
Business
ISBN:9781259929441
Author:Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher:McGraw-Hill Education
Text book image
Bcom
Business
ISBN:9780357026595
Author:LEHMAN, Carol M.
Publisher:Cengage Learning,