Which of the Following Is True of an Implied Warranty

question 49

Multiple Choice

Which of the following is true of an implied warranty?

• A)It prohibits other firms from using a brand or part of a brand without permission.
• B)It identifies the brand of a part that makes up the 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.

---

Definitions:

Product Differentiation

The process of distinguishing a product or service from others in the market to make it more attractive to a particular target market.

Market

An area or arena in which commercial dealings are conducted.

Pricing Objectives

Pricing objectives are the goals a company aims to achieve through its pricing strategies, such as maximizing profit, increasing market share, or targeting a specific market segment.

Components

Fundamental parts or elements that combine to form a complex system, mechanism, or product.