Investigating the Feasibility of Creating Quality Management Systems

Today no country lives in complete isolation from other countries. The economic resources technology and standard of living of the people of a country are relatively dependent on the economy of other countries which are related by a complex flow of goods services capital and technology. Through international exchanges countries increase their production level and earn more profit. Through imports they get the goods that they are unable to produce and through exports they send the manufactured goods that are surplus to their consumption to other countries. Although a country may have different factors of production and be able to produce all kinds of goods it will not be able to produce them at the same price. The primary cause of international exchanges is the difference in the prices of goods and services of countries. The difference in prices is either due to the difference in the conditions of supply or facilities production or the difference in the conditions of demand or consumption pattern or a combination of them.