Final answer:
The purpose of a warranty is to provide repair and/or maintenance for a specific time period for a car, home, or major appliance. It ensures that if there are any defects or issues with the product during the specified time period, the manufacturer will cover the cost of repairs or replacements.
Step-by-step explanation:
The purpose of a warranty is to provide repair and/or maintenance for a specific time period for a car, home, or major appliance. It is included in the product and is usually provided by the manufacturer. The warranty ensures that if there are any defects or issues with the product during the specified time period, the manufacturer will cover the cost of repairs or replacements.
For example, let's say you buy a new car with a warranty of 3 years. If the car breaks down within those 3 years due to a manufacturing defect, the manufacturer will repair or replace the car at no additional cost to you. This gives you peace of mind and protects you from potential financial burdens of unexpected repairs.
Overall, warranties provide consumers with assurance and protection against faulty products, giving them confidence in their purchase.