A new company designing and selling several lines of cellular phones has closely modelled its products after successful competitive products that are already in the marketplace.As it prepares to enter the market with its new products and services,which of the following should concern it the most?
A)legal obligations to suppliers and dealers
B)patent laws
C)the Federal Food,Drug,and Cosmetic Act
D)product liability suits
E)limited warranties

Question

Quizplus · Accepted Answer

The company should be most concerned with patent laws, as closely modelling its products after successful competitive products could potentially infringe on those products' patents. This could result in legal action and financial penalties.

A New Company Designing and Selling Several Lines of Cellular