Liability costs affect the prices of products and safety decisions.

Name: Liability costs affect the prices of products and safety decisions.
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

When a company faces potential liability costs, they often pass on those costs to consumers through increased prices. Additionally, liability concerns can influence a company's safety decisions, as they may make choices to avoid potential lawsuits and damages.

Liability Costs Affect the Prices of Products and Safety Decisions