Question

In a competitive market, a computer store offers customers a warranty to help pay for any future damages. This is an example of

following a federal regulation.
lowering prices for customers.
reducing the risk for consumers.
creating a new or better product

Answer 1

I think the correct answer from the choices listed above is the third option. In a competitive market, a computer store offers customers a warranty to help pay for any future damages. This is an example of reducing the risk for consumers. Hope this answers the question.

Answer 2

The correct answer is reducing the risks for customers.

In a competitive market, businesses must take actions in order to separate themselves from their competitiors. One way they do this is by offering warranties. Warranties are reassuring to the consumer, so in case the product they purchase does not work as promised, they have the ability to get it fixed/get a new one with no additional cost. This sense of security can be consumers at ease when making important purchases, as it reduces their personal risk.