CellTones,a New Company Selling Several Lines of Cellular Phones,has Closely

question 45

Multiple Choice

CellTones,a new company selling several lines of cellular phones,has closely modeled its products after successful products that are already in the marketplace.As it prepares to enter the market with its new products and services,which of the following should concern CellTones the most?

• A)the Federal Food,Drug,and Cosmetic Act
• B)legal obligations to suppliers and dealers
• C)limited warranties
• D)patent laws
• E)product liability suits

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Definitions:

Concentrated Ownership

A situation in which a substantial share of a company or industry is owned by a small number of shareholders, potentially leading to a high level of control over the business.

Horse Race Aspect

The aspect of electoral campaigns, especially presidential ones, that focuses on the competitive positioning of the candidates, often highlighted by media as if it were a race.

Policy Positions

The specific stances or views that an individual, political party, or organization takes on particular public policy issues.

Political Election

The formal process by which voters choose candidates for public office or decide on governmental policies.