The Option to Buy Extended Warranties Is Commonplace with Most

question 15

Multiple Choice

The option to buy extended warranties is commonplace with most electronics purchases.But does the type of purchase affect a consumer's willingness to pay extra for an extended warranty? Data for 420 consumers who purchased digital cameras and laptop computers from a leading electronics retailer are summarized in the table.The probability that a consumer purchases an extended warranty given that he/she has purchased a digital camera is ________________________ .

• A).07
• B).42
• C).58
• D).17
• E).83

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Definitions:

Relocating Expatriates

The process of moving employees from their home country to a foreign country for work assignments.

Global Firms

Organizations that operate and have a presence in multiple countries across the world, often dealing with a global market and diverse cultures.

Japanese Firms

Companies or business entities based in Japan, often characterized by their management practices and approaches to manufacturing and service delivery.

Matsushita

A Japanese multinational electronics company, also known as Panasonic, known for its innovations and contributions to the electronics industry.