What term is used for minor violations leading to firm-initiated product corrections?

Market withdrawal is a term used to describe the action that a firm takes when it decides to remove a product from the market due to minor violations that do not pose significant health risks to consumers. This can occur when a company identifies an issue with a product that is not severe enough to warrant a full recall but still requires the product to be corrected or removed.

In the context of regulatory affairs, market withdrawals are generally seen as a proactive measure by firms to maintain product integrity and comply with regulations. It allows companies to address issues without escalating to the more serious implications and logistical challenges that come with a formal recall.

Choosing this term reflects an understanding that not all removals from the market are due to dangerous issues; they may stem from lower-level compliance matters.