Which of the following best describes guarantee?
A)It refers to the statement of what a selling company will do to compensate a buyer if a product is defective.
B)It refers to the measure used to check if products conform to established standards of safety.
C)It is an assurance that a product is as represented and will perform properly.
D)It is a promise by a customer to pay for goods and services in a timely manner.

Question

Quizplus · Accepted Answer

A guarantee is a promise or assurance made by a seller that a product is as represented and will perform properly. It is a form of warranty that assures the buyer that the product they are purchasing is of high quality and free from defects. Choices A, B, and D do not accurately describe the concept of a guarantee.

Which of the Following Best Describes Guarantee