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A Lower Level of ____Contribution May Indicate a Firm's Relative

question 8

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A lower level of ____contribution may indicate a firm's relative lack of commitment:


Definitions:

Express Warranty

An explicit guarantee made by the seller regarding the quality, condition, or performance of a product.

Formal Words

Specific language required or recognized by law to create a binding agreement or to perform a legal act.

Guarantee

A formal assurance or promise, often in writing, that certain conditions will be fulfilled, including the quality or durability of a product or the completion of an obligation.

Implied Warranty

An unwritten and unspoken guarantee that a product or service will meet a minimum standard of quality and functionality.

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