Which of the Following Statements Is True of an Implied

question 10

Multiple Choice

Which of the following statements is true of an implied warranty?

• A)It prohibits other firms from using a brand or part of a brand without permission.
• B)It gives the impression of environmental friendliness to a product.
• C)It ranges from simple statements to extensive documents written in technical language.
• D)It comes with the sale of every product under the Uniform Commercial Code.

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Definitions:

Purchases

The act of buying goods or services.

Product X

A placeholder name used to refer to a generic or unspecified product in economic and marketing contexts.

Rational Consumer

The theoretical concept of a consumer who always makes decisions that provide the greatest benefit or utility according to their preferences.

Equilibrium

A state of balance in a system where competing forces or influences are equal; in economics, it's where supply equals demand.