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LekaFEV [45]
3 years ago
6

What two terms are used for specific promises ca company makes about the performance of its product?

Business
1 answer:
vova2212 [387]3 years ago
5 0

Answer:

Warranty  and  Guarantee

Explanation:

A warranty is a promise by a seller or a producer to the buyer that product on offer will function as expected. The seller vows on the quality and integrity of the product. A warranty assures the buyer that conditions such a quality, lifespan, and functionality will be met. The seller promises to undertake repairs or replace the product at no extra cost if it fails within a specific duration.

In the warranty, the seller makes a promise, but in the guarantee, the seller agrees or confirm that they will either repair or make replacement should the product malfunction. A guarantee is therefore, a reaffirmation of the product's warranty.

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Explain how a consumer’s place of residence has an especially large impact on their purchase of sports and entertainment commodi
ElenaW [278]

Answer:

Concept: Business digression

  • Lets assume you live in Los Angeles CA
  • LA houses the Lakers, dodgers, and so many more big brand teams.
  1. A consumer which is defined as any person in a free and open market to openly trade their wealth and income in return for an item or service.
  2. Residence defined as the area that surrounded the immediate perimeter of the said consumer.
  3. Hence, by the principle of <u>socialization</u><u> </u>people are more inclined to buy sports gear to represent their teams and inclined to participate in consumer purchases based on their peers.
  4. It becomes the "lifestyle" and "ideal" personalities in a place such as LA and this inherently drives up sales of sports and entertainment commodities.
  5. The location, or residence directly <u>exposes</u> the consumer to the products in a market where it "hot" and in style/demand.
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8 0
3 years ago
Perform online research to find a car you would like to have. Find out how much it would cost to lease the vehicle, and how much
docker41 [41]

Answer:

The average lease payment for a new vehicle is just over $450 per month for a three-year lease, according to Experian's Q1 2019 State of the Automotive Finance Market report. That's about $100 less than the average monthly auto loan payment for a new car, which was $554.The average monthly payment on a new car was $523 in the first quarter of 2018, according to credit reporting agency Experian. But that's far from the true cost to own a car. For vehicles driven 15,000 miles a year, average car ownership costs were $8,469 a year, or about $706 a month, in 2017, according to AAA. The choice between buying and leasing has often been a tough call. On one hand, buying involves higher monthly costs, but you own something in the end. On the other, a lease has lower monthly payments, but you get into a cycle where you never stop paying for a vehicle.

Explanation:

7 0
3 years ago
Read 2 more answers
Van lives in Miami and runs a business that sells guitars. In an average year, he receives $842,000 from selling guitars. Of thi
OlgaM077 [116]

Answer:

manufacturer --> explicit cost

wages and utilities --> explicit cost

implicit cost --> rent of the showroom

implicit cost --> accountant salary

Explanation:

Implicit cost:

A cost already occurred but not necessarily shown or reported as a separate expense. It represents the opportunity cost of internal resources used without explicit compensation. The loss of potential income. but not of profits.

Resuming Implicit cost comes from the use of an asset, rather than renting or buying it.

Explicit cost:

Is a cost that occurs, identificable  and accounted. It occurs during business operations and has a clearly defined dollar amount.

Explicit and implicit costs are utilized in the calculation of economic profit. They are used to determinate profitable of a business

3 0
3 years ago
NZMA stock is currently selling for $128. Which of the following options is "in-the-money"? March 130 call March 125 put Februar
Vikki [24]

Answer:

February 125 call

Explanation:

Because, the expression "in the money" means to a situation when the market price of the asset is higher than the strike price for a call or lower than the strike price for a put. The correct answer is the only option that reach this feature

3 0
3 years ago
You own a portfolio that has $2,600 invested in Stock A and $3,600 invested in Stock B. If the expected returns on these stocks
Sav [38]

Answer:

the  expected return on the portfolio is $7,052

Explanation:

The computation of the expected return on the portfolio is shown below:

Stock A return = $2,600 + 12% of 2600 = $2,912

And,  

Stock B return = $3,600 + 15% of 3600 = $4,140

So,  

Expected return on portfolio is

= $2,912 + $4,140

= $7,052

hence, the  expected return on the portfolio is $7,052

7 0
3 years ago
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