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A common kind of warranty on goods is a warranty that the product is free from material defects in materials and workmanship. This simply promises that the manufacturer properly constructed the product, out of proper materials. This implies that the product is not defective for the purposes for which it was made.
An extended warranty, sometimes called a service agreement, a service contract, or a maintenance agreement, is a prolonged warranty offered to consumers in addition to the standard warranty on new items. The extended warranty may be offered by the warranty administrator, the retailer or the manufacturer.
The issuance of an RMA/RGA is a key gatekeeping point in the reverse logistics cycle, providing the vendor with a final opportunity to diagnose and correct the customer's problem with the product. The reasons for a product return vary and include improper installation by the customer or inability to configure the product.
An implied warranty of habitability, generally, is a warranty implied by law (in some states) that by leasing or buying a residential property, the lessor or seller is promising that the property is suitable to be lived in. [10] The doctrine is intended as a protection for tenants in a less advantageous bargaining position than the landlord.
The business model canvas is a strategic management template used for developing new business models and documenting existing ones. [2] [3] It offers a visual chart with elements describing a firm's or product's value proposition, [4] infrastructure, customers, and finances, [1] assisting businesses to align their activities by illustrating potential trade-offs.
KFC is known for its crispy fried chicken made with 11 herbs and spices—but that’s not all the fast food chain has to offer. Over the last year, it has gone above and beyond, expanding the ...
The company says it continues to stand by the safety of its products. In 2019, the FDA found asbestos in cosmetics sold by Claire's Stores, prompting recalls by the retailer and Beauty Plus Global.
A specification often refers to a set of documented requirements to be satisfied by a material, design, product, or service. [1] A specification is often a type of technical standard. There are different types of technical or engineering specifications (specs), and the term is used differently in different technical contexts.