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Of the following, which factor or factors would make it more likely that buying an extended warranty is a good idea? I. The extended warranty overlaps with the manufacturer’s warranty. II. The product has a high probability of needing repair in the next few years. III. The product is a major purchase that you are unlikely to soon replace. a. I and III b. II only c. II and III d. I, II, and III

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Answer:

Of the following, which factor or factors would make it more likely that buying an extended warranty is a good idea?  

  • I. The extended warranty overlaps with the manufacturer’s warranty.
  • II. The product has a high probability of needing repair in the next few years.
  • III. The product is a major purchase that you are unlikely to soon replace.

a.    :   I and III

b.    :   II only

c.    :   II and III ~<<<CORRECT

d.   :      I, II, and III

Explanation:

OCT. EDGE 2021

The factors that would make it more likely that buying an extended warranty is a good idea are;

C. II and III

Options in buying a Product

Looking at the options;

I) When the extended warranty overlaps with the manufacturers warranty, then it is not a good idea because there is no need for buying the additional warranty.

II) If the product has a high probability of needing repairs in the next few years then it is a good option to buy an additional warranty because it means it will be very useful in the event of a needed repair.

III) Since it's a major purchase that you don't want to replace so soon, the the additional warranty purchase is a good idea that can help repair any faults and you wouldn't need to replace the product.

Read more about buying a Product at; https://brainly.com/question/12058035

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