98.3k views
4 votes
Oakley Millwork is a supplier of products used in the construction industry. It has a published policy that if a customer places an order from its catalog and the product is not available for immediate delivery, the customer gets the item free. Oakley Millwork's policy is an example of a(n)?

User Nurlan
by
7.8k points

1 Answer

4 votes

Final answer:

Oakley Millwork's policy is a money-back guarantee aiming to boost consumer confidence, especially for catalog or online purchases where the product cannot be physically inspected pre-purchase.

Step-by-step explanation:

Oakley Millwork's policy, where a customer receives an item for free if it is not available for immediate delivery, is an example of a money-back guarantee. This type of guarantee serves as a promise of quality and assurance that boosts consumer confidence, particularly when purchasing through mail-order catalogs or online. This policy is crucial because it encourages customers to make a purchase even though they cannot physically inspect the product before buying.

Oakley Millwork's policy is an example of a money-back guarantee. A money-back guarantee is an agreement that promises a refund to the customer if the product is not available for immediate delivery. This strategy is commonly used by companies that sell goods through mail-order catalogs or online where customers cannot physically see the products.This type of guarantee serves as a promise of quality and assurance that boosts consumer confidence, particularly when purchasing through mail-order catalogs or online. This policy is crucial because it encourages customers to make a purchase even though they cannot physically inspect the product before buying.

User NilMoBile
by
7.4k points