How does warranty works?
How Does a Warranty Work? A warranty is a guarantee issued by a seller to a buyer that a product will meet certain specifications.
If the product does not meet those specifications, the buyer can ask the manufacturer or seller to correct the problem.
Certain exceptions apply, and not every defect is covered..
What are the benefits of warranty to customers?
Benefits of a warranty or guarantee
By offering a warranty or guarantee, you can attract more customers, encourage repeat purchases, minimize returns, complaints, and disputes, create a positive impression, add value to your offer, and make satisfied customers..
What is warranties in marketing?
A warranty is a guarantee issued by a seller to a buyer that a product will meet certain specifications.
If the product does not meet those specifications, the buyer can ask the manufacturer or seller to correct the problem.
Certain exceptions apply, and not every defect is covered..
Why are warranties important to customers?
As a protectional tool, warranties provide assurance to consumers against defective products that fail to perform satisfactorily over the warranty period.
This assurance reduces the risks associated with purchase of the product..
Why is warranty important to consumers?
A warranty is a product guarantee provided by the manufacturer.
It's a statement of promise or other representation of the ability, performance, and quality of the product.
It gives the consumer a right to ask the manufacturer to deal with any defects arising according to their terms and conditions..
- As a promotional tool, warranties serve to promote the reliability and quality of a product with longer and better warranty terms implying a more reliable product.
As a protectional tool, warranties provide assurance to consumers against defective products that fail to perform satisfactorily over the warranty period.
