A Company Stops Stocking an Item but Procures It Directly

question 39

Multiple Choice

A company stops stocking an item but procures it directly from the manufacturer.This implies that the company has made a change in its ________.

• A)credit policy
• B)product line
• C)supply chain
• D)distribution structure

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Definitions:

Warning Defect

is a term used in product liability to describe a situation where a product lacks adequate instructions or warnings, potentially leading to misuse or harm.

Product Liability

A legal concept where manufacturers, distributors, suppliers, and retailers are held responsible for any injuries their products cause.

Premarket Approval Process

A rigorous FDA approval process required for certain medical devices to assess their safety and effectiveness before they can be marketed.

Government Regulation

The imposition of rules and directives by government agencies designed to control and direct the behavior of individuals, businesses, and other entities in the public interest.