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1. Sports Gear Manufacture decided five years ago to pay for its products liability losses out...

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General Management

1. Sports Gear Manufacture decided five years ago to pay for itsproducts liability losses out of its earnings. Products liabilitylosses are now significantly diminishing earnings. How may SportsGear’s risk manager more economically fund the following types oflosses? (a) Existing losses (b) Future losses.

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3.6 Ratings (306 Votes)
Liability losses pose a major problem for product companies as these have enormous effect on the company profits and margins Liability losses generally arise of product failures and noncompliance to specifications which increase cost of replacement repair returns management etc This happens majorly due to improper quality control transportation and packaging    See Answer
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