Question: A return policy that is extremely generous and has no time limit is a valid policy for all products irrespective of their impact on a

A return policy that is extremely generous and has no time limit

is a valid policy for all products irrespective of their impact on a firm's profitability.

exposes a retailer to a potential liability whose timing is difficult to estimate.

is mandated by consumer laws.

is set by management but voted upon and approved by shareholders in their annual shareholders' meeting.

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