Offering a better warranty is an example of competing on:

Students were asked to answer a question at institution and to say what is most important for them to succeed. Out of the many reactions, the one which that stood out was practice. Persons who usually are successful do not become successful by being born. They work hard and dedicate their lives to succeeding. If you tend to complete your goals, keep this in mind! the following some question and answer examples that you might possibly utilize to enriches your knowledge and gain insight that will assist you to continue your school studies.

Question:

Offering a better warranty is an example of competing on:a. product
b. service
c. price

Answer:

The firms competing over providing a better warranty of a product to their consumers demonstrate a competition on:

b). Service

  • Service’ is described as ‘the practice of providing assistance to the consumers in terms of making their utilities.’
  • The firms in an economy not only compete over providing better goods to the consumers but also in terms of offering comparatively effective and efficient services so that they prefer one over the other.
  • In the given situation, a firm giving a superior warranty exemplifies greater assistance, leading the consumers to opt for it.

Hence, option b is the correct answer.

Learn more about ‘service‘ here:

They could potentially hopefully assist the student answer the question by using the questions and answer examples. You can potentially then have a discussion with your classmate and continue the school learning by studying the topic jointly.

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