Businesses Can Take a Number of Measures to Respond Voluntarily

question 21

Multiple Choice

Businesses can take a number of measures to respond voluntarily to consumer demands.Which of the following is an example of such a measure?

• A) Product liability law reform.
• B) Consumer call centers.
• C) Consumer advocacy groups.
• D) Alternative dispute resolution policies.

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Definitions:

Mitigate Damages

The legal requirement or effort to minimize the harm or loss suffered as a result of a breach of contract or other wrongdoing.

Non-Disclosure Agreement

A legal contract between at least two parties that outlines confidential material, knowledge, or information that parties wish to share with one another for certain purposes but wish to restrict access to or by third parties.

Proprietary Recipe

A confidential formulation owned by an individual or a company, protected as a trade secret, which gives a unique identity to a product.

Specific Performance

A legal remedy requiring a party to fulfill their obligations under a contract, typically used when monetary damages are inadequate compensation.