Recall

  • 1 Posts
  • 1 Sections
  • 1 Types
Definitions
Recall
Recall Product Safety Consumer Protection Manufacturer Responsibility Defective Products Government Regulations
A recall is an action taken by a manufacturer to remove a defective product from the market that could potentially cause harm or does not meet regulatory standards. The recall process involves notifying customers and arranging for the return, repair, or replacement of the product. This corrective action can be initiated voluntarily by the manufacturer or mandated by government authorities, particularly when safety concerns are involved.
Read more about Recall.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.