Examlex
In the context of customer service dimensions, which of the following is the most appropriate way to inform a long-term customer of a price increase?
Breach of Condition
A Breach of Condition refers to the failure to meet a condition stated in a contract, which is so fundamental that it allows the other party to terminate the contract and seek compensation for damages.
Warranty
A guarantee provided by a manufacturer or seller regarding the condition of a product and a promise of repair or replacement if the product does not meet specified criteria.
Government Bonds
Debt securities issued by a government to finance its expenditures, offering a fixed or variable interest rate over time.
Private Company
A business entity owned by private individuals or entities, not publicly traded on the stock market, and not subject to the same reporting requirements as a public company.
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