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In the Private Purchase of a Used or "Pre-Owned" Car

question 21

Multiple Choice

In the private purchase of a used or "pre-owned" car, __________ places the burden on the buyer to make sure the car is worth the purchase price, so it is advisable to take the car first to a mechanic. This is because once the transaction is complete the buyer will not receive a warranty or return option from the seller.


Definitions:

Yield

The term yield represents the earnings generated and realized on an investment over a particular period of time, expressed as a percentage based on the investment’s cost, its current market value, or its face value.

Marketing Dashboard

A management tool that visually displays important marketing metrics and KPIs to help decision-makers monitor and analyze performance.

Carrier

A company that provides services for the transport of goods or passengers, which can include freight companies, airlines, and telecommunications carriers.

Service Sweethearting

An unethical practice where an employee gives unauthorized benefits to a customer, such as discounts or free products.

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