When a company achieves ISO 9001:2008 certification, it means what in international markets? Select all that apply.

Responses:

Quality management processes are in place

Products and services meet quality standards

Limited harmful effects on the environment

Seal of quality trusted around the world

Best practices for managing quality and consistency in a global market can include ______. Select all that apply.

Responses:

Make unannounced inspections

Rely on cost as the main metric for quality

Evaluate supplier performance with standards other than price

Don't allow one supplier to dominate

A letter of credit is issued by the bank and establishes the agreement whereby ______.

Responses:

the shipper has permission to transport the goods

the customs office and verify the origins of the merchandise

the exporter agrees to pay the carrier

the importer agrees to pay a certain amount of money when the bank receives the shipment documents