What are precautionary statements used for in labels?

Precautionary statements on labels play a crucial role in communicating essential safety measures that individuals should take when handling a chemical product. These statements provide guidance on how to minimize risks associated with exposure to hazardous substances, including recommendations for protective equipment, proper storage methods, and emergency response actions in the event of an accident or spill. By clearly outlining these safety measures, precautionary statements help to ensure that users are informed and can take proactive steps to protect themselves, others, and the environment.

The other options do not align with the purpose of precautionary statements. They address aspects that are not related to safety communication. Specifying product price, summarizing usage instructions, and defining chemical composition serve different functions and do not provide the safety-related information essential for the responsible handling of hazardous materials.