The ISO 9000 family of quality management and assurance procedures improve exchangeability by lowering the cost of obtaining information about the goods to be traded and the counterparties with whom individuals might trade.

Question

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The ISO 9000 family of quality management and assurance procedures help to standardize product quality and increase transparency in supply chains, lowering the cost and risk of obtaining information about goods and counterparties, thus improving exchangeability.

The ISO 9000 Family of Quality Management and Assurance Procedures