Occasionally,competitive Advantages Are Gained After a Product

question 24

Multiple Choice

Occasionally,competitive advantages are gained after a product

• A) Has been previously introduced
• B) Has been discontinued
• C) Has been recalled
• D) Has been discovered to have numerous defects

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Definitions:

Express Warranty

A promise or guarantee made by a seller about the quality, function, or performance of a product, explicitly stated in the contract or sales agreement.

Fitness For Purpose

A condition ensuring that a product or service meets the specific criteria or intended use defined by the buyer or contract.

Market Share Theory

A concept in business and economics referring to the percentage of an industry or market's total sales that is earned by a particular company over a specified time period.

Liability

Liability refers to the state of being legally responsible for something, particularly in terms of debts or legal obligations.