________ are formal statements of expected product performance by the manufacturer.
A) Insurance
B) Warranties
C) Guarantees
D) Reputation
E) Marketing statements

Question

Quizplus · Accepted Answer

Warranties are formal statements made by the manufacturer regarding the expected performance of the product. They typically specify the duration of coverage and the conditions under which repairs or replacements will be offered. Insurance, guarantees, reputation, and marketing statements may also be important factors affecting consumer purchase decisions, but they are not the same as formal product warranties.

________ Are Formal Statements of Expected Product Performance by the Manufacturer