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 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.

Answer 1

Option B is correct option in the problem statement.

Answer 2

Second and third options are correct.

Explanation:

Buying an extended warranty is a good idea because of the following factors:

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.

When a product is in warranty, it is fully replaceable or fully covered up for repairs. When we purchase something fragile or expensive that we cannot replace often, we purchase extended warranty to cover them up for longer time period. Like laptop.