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If Potential Customers Are Likely to Object to the Price

question 107

Essay

If potential customers are likely to object to the price of your product or service,what can you do?


Definitions:

Express Warranty

A seller's promise or guarantee that a product will meet a certain level of quality and reliability, explicitly stated in a contract or by implication through advertising.

Res Ipsa Loquitur

A legal doctrine that allows for the presumption of negligence in a case where the accident occurring is the type which normally does not happen in the absence of negligence.

Product Liability

The legal liability a manufacturer or seller incurs for producing or selling a faulty product resulting in injury or harm to a consumer.

Express Warranty

A clearly stated promise or guarantee by a seller about the quality or functionality of a product.

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