Final answer:
The QMS certificate holder must provide documentation of compliance, which ensures adherence to quality standards. Similarly, sellers can offer guarantees, while job seekers can present certifications to indicate competency.
Step-by-step explanation:
The QMS certificate holder must provide c) Documentation of compliance. Quality Management System (QMS) certifications are designed to demonstrate that an organization adheres to a set of quality standards and processes. Certificates and documentation of compliance are mechanisms used to reduce the risk of imperfect information in the marketplace by assuring product quality and operational standards. These documents serve as evidence that the company follows the specified standards, such as ISO 9001, and is a sign of the company's commitment to quality and continuous improvement.
Similarly, sellers of goods and services can reassure buyers by providing guarantees, warranties, and service contracts. In the labor market, individuals can provide their occupational licenses and certifications to reassure possible employers of their competency. These tools act as forms of verification and trust-building between parties in the presence of imperfect information.