Marketing - What is Product Warranty?
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Business
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a product warranty primarily described as?
A commitment to customer service
A guarantee of the lowest price
A promise of free delivery
A seller's assurance about their product
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do warranties add value to a product?
By offering discounts
By providing assurance or promises about the product
By reducing the product's features
By increasing the product's price
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a 10-year warranty on a car imply?
The car is the cheapest option
The car will be replaced every year
The car should last at least 10 years
The car has the best fuel efficiency
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can warranties influence consumer decisions?
By guaranteeing the lowest price
By providing instant refunds
By offering free accessories
By setting expectations about product durability
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to carefully design warranty terms?
To guarantee the fastest delivery
To maximize consumer value and manage the producer's costs
To ensure the product is always in stock
To offer the most features
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