If a cell phone company, Mobile Power, offers a warranty on their phones as an assurance their phones will perform as expected, it is likely an attempt to help mitigate consumers' perception of ________.
A) functional risk
B) financial risk
C) psychological risk
D) social risk
E) physical risk

Question

Quizplus · Accepted Answer

A warranty on a cell phone primarily addresses concerns related to the phone's performance and reliability, which falls under functional risk. It assures customers that the product will work as advertised, reducing worries about potential malfunctions or failures.

If a Cell Phone Company, Mobile Power, Offers a Warranty