_____ Imposes a Liability on a Merchant-Seller of Defective Goods

question 22

Multiple Choice

_____ imposes a liability on a merchant-seller of defective goods without fault.

• A) Statute of repose
• B) Strict products liability
• C) Limited warranty
• D) Negligence
• E) Preemption

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Definitions:

Target Customers

The specific group of consumers a business aims to reach with its products, services, and marketing efforts.

Consumer Packaged-goods

Products that are sold in a packaged form, which consumers use up and replace on a frequent basis.

Exclusive Distribution

Strategy in which only selected retailers can sell a manufacturer’s brand.

Retailing

The set of business activities that add value to products and services sold to consumers for their personal or family use; includes products bought at stores, through catalogs, and over the Internet, as well as services like fast-food restaurants, airlines, and hotels.