Which is an advantage of ISO 9000 certification?

ISO 9000 certification signifies that a company has met international standards for quality management systems. This certification focuses on the consistency of the quality of products and services, which directly contributes to improved customer satisfaction. By adhering to these recognized standards, organizations demonstrate their commitment to quality and reliability, leading to enhanced trust from customers. Trust is vital in business, as it can foster long-term relationships and customer loyalty, ultimately benefiting the organization through repeat business and positive word-of-mouth referrals.

Other options do not accurately reflect the benefits of ISO 9000 certification. Increasing prices for products isn't a direct outcome of certification; instead, companies often aim to maintain competitive pricing while improving quality. The elimination of competition is unrealistic, as certification does not guarantee market dominance. Lastly, while there may be financial benefits from improved efficiencies, ISO 9000 certification does not inherently provide higher tax deductions for the company.