Which of the following holds a company liable for negligence in the production, design, sale, or use of products the firm markets?
A) breach of contract
B) price discrimination
C) promotional responsibility
D) product liability

Question

Quizplus · Accepted Answer

Product liability holds a company responsible for any harm or damage caused by its products due to negligence in the design, production, sale, or use of the products. Breach of contract refers to a violation of a legal agreement between two parties, price discrimination relates to unfair pricing practices, and promotional responsibility pertains to the ethical responsibility of marketing and advertising practices. None of these concepts directly apply to a company's accountability for product liability.

Which of the Following Holds a Company Liable for Negligence