Question

Other means for agents to validate SVAN:

a) Verify with a phone call
b) Rely solely on customer's word
c) Ask for a written note
d) Cross-check with medical databases

Answer 1

To reassure a possible buyer, sellers can verify product quality by cross-referencing with medical databases, much like verifying someone's age with varying levels of documentation based on the stakes involved.

Step-by-step explanation:

When attempting to reassure a possible buyer who is dealing with imperfect information, a seller of goods can employ various strategies. One effective way is to verify product quality through external means. For instance, a seller might validate the Social Verification Number (SVAN) by cross-referencing it with medical databases, thus ensuring the authenticity and accuracy of the product or service.

This method of validation can be likened to the process of confirming someone's age for various stakes; the higher the stake, the more rigorous the verification process required. Similarly, in the case of a product or service, such as medical information, rigorous validation through trusted databases can provide solid reassurance to prospective buyers about the credibility of the information being presented to them.