What Is a Feature of a Product or Service That

question 56

Multiple Choice

What is a feature of a product or service that customers have come to expect and that entering competitors must match if they want to survive?

• A) Significant barrier.
• B) Entry barrier.
• C) Product differentiation.
• D) Entry chain.

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Definitions:

Warranty

A guarantee provided by a seller or manufacturer regarding the condition of its product and the commitment to repair or replace defective parts within a specified period.

Sale of Goods Act

A set of laws regulating the sale of goods, including the rights of buyers and sellers, typically governing aspects such as quality and ownership.

Breach

The violation of a law, duty, or other form of agreement.

Victim

An individual or entity who suffers harm or loss as a result of a crime, accident, or other event.