Often times we see companies offering money back guarantees to customers if they are not satisfied. These guarantees are a way to treat the problem of:

Question

Quizplus · Accepted Answer

Money-back guarantees are a strategy used by sellers to reduce the information asymmetry between them and the buyers, where the seller has more information about the product than the buyer. This helps in building trust and encouraging purchases by assuring the buyer of the product's quality.

Often Times We See Companies Offering Money Back Guarantees to Customers