Question

Inspections of device components received from a supplier may frequently reveal product quality deficiencies. To avoid these instances, the supplier should first have:

A. Expert GMP knowledge
B. Clear and precise specifications from the manufacturer
C. Detailed knowledge of the manufacturer's operations
D. An internal audit program

Answer 1

To reassure buyers faced with imperfect information, sellers of goods can provide clear specifications, offer warranties, and provide third-party certifications.

Step-by-step explanation:

To reassure a possible buyer faced with imperfect information, a seller of goods can take several steps:

1. Providing clear and precise specifications of the product: This gives the buyer a better understanding of what to expect and reduces the chances of miscommunication.
2. Offering warranties or guarantees: A seller can provide assurances by offering warranties or guarantees that protect the buyer in case the product does not meet expectations.
3. Providing third-party certifications: If a seller can show that the product has undergone independent testing and certification, it can build trust and confidence in the buyer.

By implementing these measures, a seller can reassure buyers and mitigate the risks associated with imperfect information.