Study describes what companies should do to recover from a product recall

Monday, May 11, 2009 - 09:50 in Mathematics & Economics

A product recall can significantly affect a company's bottom line and its reputation, but a swift recall and restitution to purchasers can minimize harm to the company - and even improve customer satisfaction. A study examining more than 500 toy recalls between 1988 and 2007 suggests ways that firms can minimize the business impact of a recall.

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