"Make the Best Product,cause No Unnecessary Harm,and Use Business to Inspire

question 57

Multiple Choice

"Make the best product,cause no unnecessary harm,and use business to inspire and implement solutions to the environmental crisis." This statement by Yvon Chouinard,founder of Patagonia,can be best described as which of the following?

• A) a strategic plan
• B) a direction
• C) a mission statement
• D) a tactical plan

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Definitions:

Liability

A legal obligation or responsibility that may arise from contracts, torts, or statutes requiring one party to compensate another.

Section 402A

A provision found within the Restatement (Second) of Torts that deals with the liability of sellers for harm caused by defective products they have sold.

Defective Condition

A state or scenario where a product fails to meet safety or performance standards, posing risks to users or not functioning as intended.

Product Liability

The legal responsibility of manufacturers and sellers to compensate for harm caused by defective products they market.