We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Warranties - Research Paper Example

Comments (0) Cite this document
Summary
Warranties Date Introduction A warranty can be described as a statement that is made by the manufacturer or seller in regard to a product. The statement usually states that the product will perform in a manner that has been specified. There are numerous products that warrants exist…
Download full paperFile format: .doc, available for editing
Polish This Essay92.3% of users find it useful
Warranties
Read TextPreview

Extract of sample
"Warranties"

Download file to see previous pages In case a service or product does not perform as promised, the warranty should ensure that exchanges or repairs are done in regard to the product (Martin, 2000). Basic information about warranties 1. They are loved by retailers On a factual basis, most of the retailers usually get more profit from the warranty contracts that they would get from the sale of the products. In actual sense, a consumer pays a price that is higher by approximately 20% or 10% in order for a warranty to be extended by the manufacturer. Most of the retailers would most probably subcontract the deal with a third party company for half the amount paid so as to avoid the risk that is involved with the risks. That is a strategy that may be used by companies in an attempt to maximize on their revenue. 2. The consumer may already be covered but he or she is not aware The holders of American express cards usually have the privilege of the extending the length of the warranty from the manufacturer by a year while the holders of a MasterCard or visa signature usually have the time doubled. There are also some manufacturers who may offer a discount rate that is fixed if the product’s level of damage does not reach the level of return. 3. The warrant will most probably not be used People usually enter into warrant contracts so as to reduce the risks that may be involved in case the product that has been purchased does not perform as expected. Most of the appliances that are bought with a warrant do not in most of the times break down. 4. Types of warranties 1. Manufacturer’s warranty This form of warranty is a warranty that is drafted and written by the manufacturer and included in the products that are produced by the manufacturer. The company usually guarantees that its products will be free of any defects for a specified time period after the day of purchase. The warranty however does not cover any accidental damages that are caused by the user to the product. In such an agreement, repairs or replacement of the product are usually done freely by the manufacturer (Barron, 2000). 2. Extended warranty This type of warranty is also known as a service contract. This type of warranty is an agreement that signed between the selling company and the consumer or a consumer and a store that is in offers coverage on behalf of the manufacturer for a fee. Manufacturers usually do not provide warranties that are extended but the store or retail store in which the product is purchased usually offers the warranty. The extended warranty is usually added as a cost to the price of the product. The purchaser of a product should ensure that the warranty is done in writing and he or she should not rely on the salesperson to make an explanation in regard to the warranty. 3. Store warranty A store warranty can be perceived to be another name for an extended warranty or service contract. In such a scenario, the store offers to extend a warranty for a fee. The warrant is associated with a risk in that if the store runs out of business, the purchaser will be left without any form of coverage (Parisi, 2000). 4. Third party warranty The warranty can also be called a service contract. The warranty is different from a store warranty on the side of the company that offers the coverage of the warranty. The consumer will have to pay for the extended warran ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Warranties Research Paper Example | Topics and Well Written Essays - 2500 words”, n.d.)
Warranties Research Paper Example | Topics and Well Written Essays - 2500 words. Retrieved from https://studentshare.org/business/1402784-see-attachment
(Warranties Research Paper Example | Topics and Well Written Essays - 2500 Words)
Warranties Research Paper Example | Topics and Well Written Essays - 2500 Words. https://studentshare.org/business/1402784-see-attachment.
“Warranties Research Paper Example | Topics and Well Written Essays - 2500 Words”, n.d. https://studentshare.org/business/1402784-see-attachment.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Marketing Mix
48-49). Usually, details regarding marketing mix are planned by the organization after the overall strategies are decided. The marketing mix is comprised of almost all the elements that are used to influence the condition of demand of a particular product.
3 Pages(750 words)Research Paper
AT&T
AT&T’s new cell phone will be unique in the sense that it will offer features which are relatively not available in other phones. Considering this fact, this product will be targeted at the customers looking for more mobility while at the same time performing and completing their essential online tasks on the go.
2 Pages(500 words)Research Paper
Six Sigmas Concept
Despite so much interest in Six Sigma, experts from all over the world have not been able to come up with a single, universally accepted definition of Six Sigma. Even as of today, different observers tend to define Six Sigma in different ways. Management philosophy, process for improvement, statistical tool, guide to and measure of higher quality, business strategy, quality management program and others are a few of the terms used to define Six Sigma (Summers, pp.
3 Pages(750 words)Research Paper
Product Liability Lawsuits: Boehringer Ingelheim
This means that when unsafe products harm an individual, he may have a cause of action against the manufacturer, the person who designed it or the seller. In the United States, for instance, product liability suits are effective tools for consumer protection.
6 Pages(1500 words)Research Paper
(FAR) Quality Assurance
As the code states, a warranty is not mandatory for the government, but certain defects and gross mistakes that occur in the provision of the products or services need a warranty for their acquisition. To determine whether the warranty is appropriate for a certain acquisition, contracting officers have to assess the arising costs, reduced requirements, trade practices, administration and enforcement of the contract, and the nature and use of the product or service.
3 Pages(750 words)Research Paper
Math HW11
The company uses the accounts Unearned Subscriptions and Subscription Revenue. Hiatt Company sells automatic can openers under a 75-day warranty for defective merchandise. Based on past experience, Hiatt estimates that 3% of the units sold will become defective during the warranty period.
2 Pages(500 words)Research Paper
Kia company
452). A possible strategy for KIA motors would include addition of an attribute as a part of a cognitive based strategy towards changing customer attitudes (Schiffman &
1 Pages(250 words)Research Paper
Marketing Synthesis
Competitive advantage refers to the resource base and ability of a business to grow and survive in a given business. The growth and survival relates to how well it does in relation to other businesses that compete with it and its ability to remain profitable
5 Pages(1250 words)Research Paper
Quality Assurance
ne monitor’s performance using inspection/acceptance clauses, performance-based acquisition methodologies (PBA), or Earned Value Management System (EVMS). There are various types of warranties, which include assurance warranties, incentive warranties, reliability improvement
2 Pages(500 words)Research Paper
Positioning
An irreplaceable positioning statement will, therefore, win the heart of many customers in a competitive marketing environment. To be the leading organization that provides mobile and a wireless technology that drive quality changes across all sectors
2 Pages(500 words)Research Paper
Let us find you another Research Paper on topic Warranties for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us