What is the primary objective of a warranty? 🔊
The primary objective of a warranty is to provide a guarantee to consumers that a product will perform as advertised or expected. A warranty ensures that if the product has defects or malfunctions within a specific time frame, the manufacturer will repair, replace, or refund the purchase. This not only boosts consumer confidence but also holds manufacturers accountable for their products. Warranties can vary significantly in terms of duration, coverage, and conditions, which help consumers make informed decisions when purchasing goods by protecting them against defects and failures.
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