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sdas [7]
3 years ago
15

3. What do you think Firestone did wrong in their approach in South America and the United States? Why do you think the company

waited so long to tell customers about the problem?
Business
1 answer:
Whitepunk [10]3 years ago
6 0

Answer:

I believe that this question is about the recall of defective Firestone tires on some Ford trucks and SUVs.

Recalls are not only embarrassing, they are also extremely expensive. On August, 2000, Firestone had to launch a massive recall in order to replace 23 million tires manufactured between 1991 and 1996. The recall itself costed almost $10 billion to Ford and Firestone (including closing factories and lost sales) and many more millions in lawsuits since more than 62 people died and more than 100 severe accidents happened.

First of all, both Firestone and Ford did everything wrong, Ford started the recall in Saudi Arabia while people in the US and South America were dying due to accidents resulting from exploding tires. They tried to keep the problem secret but it was simply too big.

They did everything to keep the issue because they knew about the magnitude of their failure, only the Takata airbag recall costed more money.  Most car manufacturers and auto parts suppliers are very big companies that move a lot of money, and any recall costs tons of money due to the number of cars produced and sold.

Ford reacted before Firestone, since most of the bad rep fell over them because consumers don't care who provides the parts, they care about the whole car. Until the US government intervened, Firestone kept trying to hide the problem. Japanese headquarters said it was an American problem and American management said they didn't know what was happening.

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3 years ago
After the civil war the supreme court tended to view economic regulation as something that
sattari [20]

Answer:

attacked or assaulted property rights.

Explanation:

After the civil war, the supreme court held the idea that any government regulation (especially economic regulation) denied private businesses of their property rights and liberties, which constituted a violation of the Fourteenth Amendment. The Fourteenth Amendment guaranteed equal and legal rights to all US citizens (businesses were included as citizens) and guaranteed that no government (state or federal) shall deny any citizen of life, liberty, or property without due process of law.

We have to remember that these were sensible times and the supreme court tried to protect the newly given rights specially to African Americans, but sometimes business people are very capable of using ideological trends in their favor.

4 0
3 years ago
Omar invested his savings in two investment funds. The $6000 that he invested in Fund A returned a 3% profit. The amount that he
photoshop1234 [79]

Answer:

Investment in fund b = $15,000

Explanation:

Let us assume  funds invested in fund b = x while the sum total of funds invested in fund a & b = Y .ie Y = $6000 + x

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Fund B returned = x & 10/100 = x/10

8%y(total returns) = funds a returns + fund b returns

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let is replace y with 6000 + x

(6000 +x) * 8% = 180 + (x/10)

480+ 8x/100 = 180 + (x/10)

480 - 180 = (x/10) - (8x/100)

300 =        (10x - 8x )/100

300 = 2x/100

300*100 = 2x

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x = 15, 000

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