Certificate of approval
| Certificate of approval |
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| See also |
Certificate of approval - is a quality certificate awarded to a product that meets the minimum regulatory, technical and safety requirements. In general, such a document is needed before a product can be placed on the market in a particular country. This is due to the fact that each market wants to allow goods that will not have a negative impact on their consumers. As a result, these products undergo a very long validation process. It is carried out by appropriately qualified specialists who are familiar with all relevant quality standards. In view of the above, this process is highly cost-intensive, but nevertheless guarantees access to new markets, which in the long run may bring tangible profits for the company. Alternatively, certificate of approval is also called approval (for machines).
Obtaining certificate of approval
Obtaining this document is characterised by a variety of procedures depending on the country in whose territory the notified product is to be placed on the market. For example, in the US market, for example, a certificate is issued by the competent authority that handles the marketing of the goods or services in question. Therefore, it verifies them against the set minimum standards. Each certificate is granted individually so that the final recipient can identify on its basis the person responsible for the production or manufacture of a given product.
The situation is similar in the European Union. Nevertheless, there is one fundamental difference. Within the framework of allocating given certificates, there is one entity responsible for granting given certificates. However, obtaining a European certificate of approval allows the entity to market a given product throughout the European Union, and not only in one country. This is a significant improvement, resulting from the concept of free market and free movement of goods between EU member states, among others[1].
Importance of certificate of approval in economy
The possession of a given certificate by a company is significant from the point of view of the global economy and consumers. This is due to the fact that they receive an appropriate guarantee of quality and a sense of security. This is particularly important in terms of building consumer confidence in goods that do not come from their local manufacturer. It also enhances the functioning of the global economy and popularizes import goods[2].
Therefore, the blurring of national borders is one of the effects of an appropriate pro-quality policy for the marketing of the relevant goods and products. Therefore, it is recommended that these standards are still obeyed and that entry thresholds are lifted. Thanks to this, countries are able to ensure uniform practice in terms of quality (e. g. China has different standards than Europe, so the quality of these goods and the safety resulting from their use may be different)[3].
References
- Groshen E. L., Moyer B. C, Aizcorbe A. M, Bradley R., Friedman D. M.,(2017), How Government Statistics Adjust for Potential Biases from Quality Change and New Goods in an Age of Digital Technologies: A View from the Trenches, "Journal of Economic Perspectives"
- Safiullin L. N., Bagautdinova N. G., Zakirovich N., Ismagilova G. N., (2012), The Development of Welfare Theory in Conditions of Changes in the Quality of Goods and Services, "World Applied Sciences Journal" No. 18 (Special Issue of Economics)
- Verhoogen E., Kugler M., (2012), Prices, Plant Size, and ProductQuality Review of Economic Studies
Footnotes
Author: Martyna Barłóg
