Ethics Reading Response Consumers: Responsibilities of Business to Customer and Product Safety There are many moral issues in the business world relevant to consumers. In particular, businesses have moral duties to consumers and some actions taken in business are morally preferable that have an impact on consumers. In this paper, I will discuss the responsibilities of business to consumer and product safety. Businesses have at least the following two general ethical duties to consumers,
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International Legal and Ethical Issues in Business Abstract How would you effectively present the issue of potentially defective products to the CEO, other directors, and managers? The way I would present the issue at hand to the CEO, directors and managers will have to be strongly thought about, as it is a very delicate manner. First I need to think about how the management will feel about the current matter, and think up a way to talk to them about it without causing any offense. To me
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MGM365-1501A-04: The Legal and Ethical Environment of Business Task Type: Individual Project Deliverable Length: 850–1,100 words There are many examples of how the actions of a company have negatively affected consumers. Product recalls, bans, and warning labels have helped to protect consumers and companies are focusing more today on social responsibility. Examine why has there been such a relatively high number of these incidences and what companies can do to protect consumers. Assignment
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the safety of the children that play with the toys. Magnets fall off of the toy and children swallow the magnets which can cause stomach flu like symptoms and has even caused one child to die. Another problem is Mega Brands refusing to cooperate with the U.S. Consumer Products Safety Commission. According to CPSC.com, “The U.S. Consumer Product Safety Commission is charged with protecting the public from unreasonable risks of injury or death from thousands of types of consumer products under
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with the safety of the children that play with the toys. Magnets fall off of the toy and children swallow the magnets which can cause stomach flu like symptoms and has even caused one child to die. Another problem is Mega Brands refusing to cooperate with the U.S. Consumer Products Safety Commission. According to CPSC.com, “The U.S. Consumer Product Safety Commission is charged with protecting the public from unreasonable risks of injury or death from thousands of types of consumer products under the
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Discuss the intended purpose of industrial (i.e., economic) regulation as it applies to the following market structures: 1. Oligopoly In an oligopoly market there are few companies that have the same product or service. Because of this, the companies compete with each other and the price for the product or service may be too high for the consumer. So, industrial regulations help the
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Defective Product: Recall or Repair November 13, 2014 Within the past several months, automobile manufacturers and baby care product industries have been recalling defective products to save the life of their consumers. Consumer safety is regulated by the Consumer Product Safety Commission (CPSC), an agency that strives to “protect the public from hazardous consumer products” this includes children and families (USCPSC, 2013, p. i). In unit one the discussion related to a defective memory chip;
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liable in making sure their products are as safe as possible and an obligation to report any dangers that might exist. Product liability, “Products liability refers to the liability of any or all parties along the chain of manufacture of any product for damage caused by that product. This includes the manufacturer of component parts (at the top of the chain), an assembling manufacturer, the wholesaler, and the retail store owner (at the bottom of the chain). Products containing inherent defects
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Product Safety Martisa Green BUS642: Business Research Methods & Tools Instructor: Loay Alnaji October 5, 2014 Introduction According to Landrum (2014), “business research involves the application of scientific principles to gather relevant data to aid in decision making. Businesses will obtain and will analyze data for a company to manage their financials, market analysis, consumer’s feedback or product research. When it comes to product recall, if you are a distributor, a manufacturer
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exchange between buyers and sellers. These were the right: (1) to safety: The U.S. Consumer Product Safety Commission routinely monitors the safety of 15,000 consumer products. However, even the most vigilant efforts to ensure safe products cannot foresee every possibility. (2) to be informed: The right to be informed means that marketers have an obligation to give consumers complete and accurate information about products and services. (3) to choose, Relating to the right to choose, today
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