Which Risk Factor Motivate Some Customers to Buy Extended Warranty

question 76

Multiple Choice

Which risk factor motivate some customers to buy extended warranty for a set of TV?

• A)Social risk
• B)Performance risk
• C)Physiological risk
• D)Financial risk
• E)Perceived risk

---

Definitions:

Extortion

The act of obtaining something, especially money, through force or threats.

Preexisting Duty

Preexisting Duty is a legal principle stating that an action or service required by an existing contract cannot serve as consideration for a new contract.

Promissory Estoppel

A doctrine that applies when a promisor makes a clear and definite promise on which the promisee justifiably relies. Such a promise is binding if justice will be better served by the enforcement of the promise.

Promisor

An individual or entity that makes a promise to perform an act or fulfill an obligation as specified in a contract.