BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -There are two types of warranties: express and implied. Under the implied category are three major subtypes: the implied warranty of merchantability (only given by merchants), the implied warranty of fitness for a particular purpose, and the implied warranty of title.

Detailed explanation-2: -Warranty services are essentially fulfillment of the promise a warranty company like a manufacturer, retailer or service provider makes when selling a product with a warranty, or an extended warranty or service contract. Warranty services include maintaining, repairing, or replacing a warrantied product.

Detailed explanation-3: -What Is a Warranty? A warranty is a type of guarantee that a manufacturer or similar party makes regarding the condition of its product. It also refers to the terms and situations in which repairs or exchanges will be made if the product does not function as originally described or intended.

Detailed explanation-4: -The guarantee acts as a promise made by the manufacturer. A warranty, on the other hand, is a written assurance. The warranty only covers the product, whereas the guarantee covers the product, service, people, and consumer satisfaction.