Guarantees Are Most Effective in Two Situations

question 119

Multiple Choice

Guarantees are most effective in two situations. The first is when the company or products are not well known and the second is when the product's quality is ________ to competition.

• A) not known
• B) different
• C) inferior
• D) equivalent
• E) superior

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Definitions:

Industry

The sector of an economy involved in the production of goods and services.

Inferiority

A feeling of lower standing in relation to others, which can affect an individual's self-esteem and social interactions.

Competence

Refers to having the necessary ability, knowledge, or skill to perform a task successfully.

Self-Worth

An individual's subjective valuation of themselves, encompassing self-esteem, self-respect, and a sense of personal value.