Which statement is correct? Select the best answer.

Answer

$2$ Points

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The rationale for offering money$-$back guarantees, warranties, and service contracts is that they will create loyal customers, who in turn will recommend the business to others.

Employers use warranties to reduce the risk of imperfect information when looking for a well$-$qualified worker.

A service contract is a promise to fix or replace a good, at least for a certain time period, which the buyer gets absolutely free with purchase.