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I assume a good of higher quality than the certification standard (Q ≥ S) is certain to be certified and will receive whatever price certification warrants.2 However, I also assume the certification process is not foolproof.
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In addition to the requirements stated for CAM products, the certification and review process for OTC products requires importers to present a certificate of pharmaceutical product, data on purchasing price and public price, certificate of analysis and stability data.
Then, due to its sliding-scale price structure, certification is less costly for large producer organisations than for smaller ones.
They can easily and cheaply tack the price of certification onto the price of all of their watches while METAS can enter into the "big leagues" of COSC.
Price, service, certification and reputation are critical success factors in the child care services industry.
By providing a price premium, certification also gives coffee growers an economic basis for investing in community health.
4.3.1 Competition and Buying Patterns Price, service, certification and reputation are critical success factors in the edutainment/play care services industry.
Other than that, the company is launching a developer contest and has detailed pricing for certification of applications.
Demeter wines experience negative price effects from certification, regardless of sulfite content.
The higher price, consequently, makes certification a profitable strategy for most producers of credence goods.
As we have seen, a higher certified price premium makes certification optimal for the producer under a broader set of circumstances.
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CEO of Professional Science Editing for Scientists @ prosciediting.com