Consumer safety in a global marketplace

Consumer safety in a global marketplace - regulations for...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Consumer safety in a global marketplace The United States leads the world in spending on research and development. As  products and technology become more complex, the public needs to know that they are  safe. Thus, government agencies investigate and ban potentially unsafe products. In the  United States, the Federal Food and Drug Administration has set up complex 
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: regulations for testing new drugs. The Consumer Product Safety Commission sets safety standards for consumer products and penalizes companies that fail to meet them. Such regulations have resulted in much higher research costs and in longer times between new product ideas and their introduction. This is not always true in other countries....
View Full Document

This note was uploaded on 11/18/2011 for the course MGMT 4375 taught by Professor Eixmann during the Fall '11 term at Texas State.

Ask a homework question - tutors are online