The Legal Principle That Anyone in the Value Chain of a Product

question 65

Multiple Choice

The legal principle that anyone in the value chain of a product is liable for harm caused to the user if the product as sold was unreasonably dangerous is

• A) strict liability.
• B) absolute liability.
• C) relative liability.
• D) market share liability.

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Definitions:

Distribution Center

A facility that houses products for storage and redistribution to retailers, wholesalers, or directly to consumers, optimizing the supply chain.

Sales Forecasts

Predictions about future sales volumes based on historical data, market analysis, and other factors.

Stock

Shares of ownership in a company, representing a claim on the company's assets and earnings.

Primary Inventory Management

Refers to the basic approaches and strategies businesses use to control their goods, materials, and products to ensure availability while minimizing costs.