Question

Warranties provide repair and/or maintenance for a specific time for a car, home, or major appliance and are included in the price of the product (usually provided by the manufacturer). What is the purpose of the warranty?

A) To ensure product availability
B) To protect the consumer against defects
C) To increase the product's market value
D) To reduce manufacturing costs

Answer 1

The purpose of a warranty is to protect the consumer against defects by ensuring repair or replacement within a specified time frame. The correct option is B.

Step-by-step explanation:

The purpose of a warranty is to protect the consumer against defects in the product they have purchased. It is included in the price of the item, such as a car, home, or major appliance.

A warranty is a commitment made by the seller or manufacturer to repair or replace the product within a specified time frame if it encounters any problems that are not caused by the user.

Warranties act as a reassurance for the buyer, indicating that the product is of a certain quality and that the manufacturer stands behind its product.

For larger purchases, there is also the option of a service contract, which often requires an additional fee and extends the period or scope of coverage. The correct option is B.