The Output of an Extended Warranty on a Piece of Equipment

question 31

Multiple Choice

The output of an extended warranty on a piece of equipment you purchased is ________.

• A)peace of mind
• B)a part of the product
• C)consumer loyalty
• D)a guarantee to repair or replace your product if it should break down

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Definitions:

Demographic Characteristics

Statistical data relating to the population and the particular groups within it, such as age, gender, income, and education levels.

Consumer Confidence

Consumer confidence is a measure of how optimistic or pessimistic consumers are regarding their expected financial situation, significantly influencing their spending and saving behaviors.

Disposable Income

The amount of money individuals or households have available to spend or save after income taxes have been deducted.

Inflation

The pace at which the overall price level of goods and services increases, diminishing buying power.