Cutting Edge Inc. makes and sells tools. One of the tools is believed to be hazardous. The firm may be required to
A) export the tool and sell it only abroad.
B) increase the price to cover the cost of any injuries or damage.
C) reduce the price to indicate the hazard to consumers.
D) remove the tool from the market.

Question

Cutting Edge Inc. makes and sells tools. One of the tools is believed to be hazardous. The firm may be required to​
A) ​export the tool and sell it only abroad.
B) ​increase the price to cover the cost of any injuries or damage.
C) ​reduce the price to indicate the hazard to consumers.
D) ​remove the tool from the market.

Quizplus · Accepted Answer

The best choice in this situation is to remove the hazardous tool from the market to ensure the safety of consumers. Exporting the tool or increasing the price to cover potential injuries or damage are not responsible solutions and could lead to legal and ethical issues. Reducing the price to indicate the hazard may also not adequately inform consumers of the potential danger and could still result in harm. Therefore, removing the tool from the market is the safest and most ethical option.