of the following, which factor or factors would make it more likely that buying an extended warranty is a…

of the following, which factor or factors would make it more likely that buying an extended warranty is a good idea?\ni. the extended warranty overlaps with the manufacturers warranty.\nii. the product has a high probability of needing repair in the next few years.\niii. the product is a major purchase that you are unlikely to soon replace.\na. i and iii\nb. ii only\nc. ii and iii\nd. i, ii, and iii

of the following, which factor or factors would make it more likely that buying an extended warranty is a good idea?\ni. the extended warranty overlaps with the manufacturers warranty.\nii. the product has a high probability of needing repair in the next few years.\niii. the product is a major purchase that you are unlikely to soon replace.\na. i and iii\nb. ii only\nc. ii and iii\nd. i, ii, and iii

Answer

Brief Explanations:

  • For I, overlapping warranties don't add extra value, so it's not a good - reason.
  • For II, if a product has a high probability of needing repair, an extended warranty can cover repair costs.
  • For III, for a major non - soon - to - be - replaced purchase, an extended warranty can protect the investment.

Answer:

c. II and III