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Why do companies pay for the costs associated with complying with consumer-protection regulations?
Wiki User
∙ 7y ago
They need to make products that are safe and follow consumer laws. Since they sell the products they need to pay for the associated costs. If you bought a product where you or your child were hurt or killed using it the company is At Fault for making it.
Wiki User
∙ 7y ago
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How do companies pay for the costs associated with complying with consumer-protection regulations?
by raising prices
What does complying with consumer-protection regulations do?
Complying with consumer protection regulations increases production costs and raises prices.
Is it illegal to agree to terms and conditions when you are actually not complying with their regulations?
No
What is done with the costs of complying with the consumer protection regulations?
Government regulations are needed but they add to the costs of complying with the regulations. Most often this results in a higher price for consumers. But that is not always the case. Companies benefit all around by cutting the costs of production with new technologies. These cost savings can at times offset the cost of regulations.
Why weren't they enough life boats in the Titanic?
The Titanic was complying with the regulations of the time.
What are the possible outcomes if being procescuted for not complying with legislation and regulations?
Fines, sanctions, or jail.
Why tokyotower coloure is orange?
Tokyo Tower is orange because that is complying with air safety regulations
What happens to the expenses involed in complying with government regulations?
passed on to the consumer
What is done with the cost of complying with costumer protection regulations?
eventually passed on to consumers in the form of higher prices
Compliance in a sentence?
Compliance is the act of complying with a command or obeying a command. The factory was in compliance with all safety regulations.
What is asserted in a compliance audit?
In a compliance audit, an organization's management asserts that the organization or individual is complying with specific laws and/or regulations.
What happens if your caught driving with your permit in Michigan?
If the permit is valid and you are complying with all the regulations a check may be made and nothing will happen
