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If an entrepreneur focuses only on profit and ignores customer safety, what is the biggest risk?

Answer and explanation

Correct answer: Trust, reputation, and legal standing may be damaged

Ignoring customer safety can cause injury, product recalls, complaints, penalties, lawsuits, and loss of customer confidence. These consequences can damage the business's reputation and financial position, while also creating legal and ethical liability. Profit cannot be treated as a substitute for safety. The words “always” in the other options make them unreasonable and factually wrong.

Related tags

Customer SafetyEthicsLegal ResponsibilityBusiness EthicsSocial Responsibilities Of Business And Business EthicsBusiness StudiesClass 11 Mcq

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