As the sale and lease of consumable as well as durable goods are the driving force of our economic marketplace, they also need to be considered as the primary basis for transactions as to how business entities do business. The need to limit and/or somehow control the legal liability that emanates from such transactions is, however, of critical importance. Various mechanisms have been considered and relied upon to prevent, and/ or respond to this potential and often costly liability. Considering those mechanisms, as a result of governmental actions, as well as the private sector and individual business initiatives, what do you regard as most reliably effective?

As the sale and lease of consumable as well as durable goods are the driving force of our economic marketplace, they also need to be considered as the primary basis for transactions as to how business entities do business. The need to limit and/or somehow control the legal liability that emanates from such transactions is, however, of critical importance. Various mechanisms have been considered and relied upon to prevent, and/ or respond to this potential and often costly liability. Considering those mechanisms, as a result of governmental actions, as well as the private sector and individual business initiatives, what do you regard as most reliably effective?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter1: Introduction And Goals Of The Firm

Section: Chapter Questions

Problem 6E

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