Question

Buyer A and Seller B agree to a change in the house sale transaction, which is now in escrow. Seller A informs the escrow agent of the change by phone. Which is true?

Answer 1

Ways a seller can reassure a buyer with imperfect information

Step-by-step explanation:

When faced with imperfect information, a seller of goods can reassure a potential buyer in several ways:

1. Providing detailed product descriptions: The seller can provide comprehensive information about the product, including its features, specifications, and benefits. This helps the buyer make an informed decision.
2. Offering warranties or guarantees: By offering warranties or guarantees, the seller demonstrates confidence in the quality and reliability of the product. This reduces the buyer's uncertainty and increases trust.
3. Showcasing customer reviews or testimonials: Sharing positive experiences of previous customers can alleviate concerns and instill confidence in the buyer that they are making a good purchase.

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