What are the regulatory responses to product defects?
Regulatory responses to product defects typically involve recalls, safety alerts, and compliance investigations.
Can you give me an example of a recent product recall?
Sure! A notable example is the recall of certain car models due to faulty airbags, which posed safety risks.
How do companies usually handle these recalls?
Companies often notify customers, provide repair or replacement options, and work with regulatory agencies to ensure compliance.
What role do consumers play in reporting defects?
Consumers play a crucial role by reporting defects to manufacturers and regulatory bodies, helping to enhance product safety.
Are there penalties for companies that fail to report defects?
Yes, companies can face significant fines and legal actions if they fail to report defects or comply with safety regulations.
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