Question

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 manufacturers 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 please select the best answer from the choices provided

Explanation:

• I: Overlapping warranties don't add real - value as the manufacturer's warranty already covers the period.
• II: If a product has a high probability of needing repair, an extended warranty can cover repair costs.
• III: For a major purchase not likely to be replaced soon, an extended warranty can protect the long - term investment.

Answer:

C. II and III