Through Careless Manufacturing Practices,Insta-Market Company Makes and Sells Unsafe Products

question 9

Multiple Choice

Through careless manufacturing practices,Insta-Market Company makes and sells unsafe products to Jess and other consumers.This may be subject to sanctions under

• A)federal and state law.
• B)federal law only.
• C)no law,according to the principles of freedom to contract.
• D)state law only.

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Definitions:

Value Capture

The process of retaining a portion of the value provided in every transaction, often seen in business and economic models.

Large Purchases

Transactions involving the acquisition of a substantial volume of goods or services, often resulting in economies of scale or bulk discounts.

Innovative

Relating to the introduction of new ideas, methods, or products.

Demand Elasticity

An indicator of the extent to which the demand for a product or service shifts as a result of variations in its price.