"Our Machine Includes a One-Year Guarantee on Parts and Labour

question 44

Multiple Choice

"Our machine includes a one-year guarantee on parts and labour." What term describes this statement?

• A)feature
• B)segmentation variable
• C)benefit
• D)market variable
• E)advantage

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Definitions:

Sales

The total revenue generated from the sale of goods or services by a company during a specified period.

Warranty Obligations

Commitments made by a seller to repair, replace, or refund products that fail within a certain period.

Warranty Expense

Expenses a business faces for the repair or replacement of products covered by warranty.

Sales

The total revenue generated from selling goods or services over a specific period of time.