Asked by Abbie Theusch on Sep 24, 2024
Verified
Potential solutions to sell a high-quality used car include
A) offering a warranty
B) selling through a reputable dealer
C) documenting the complete repair history
D) all of the above
High-Quality Used Car
A pre-owned vehicle that has been maintained well and often includes features of newer models, indicating low mileage and minimal wear.
Warranty
A guarantee provided by a seller or manufacturer concerning the condition of a product and the promise of repair or replacement within a specified period.
- Comprehend strategies to alleviate the issue of low-quality products in markets, known as the "lemons" problem.
Verified Answer
ZC
Zachary Cocking5 days ago
Final Answer :
D
Explanation :
Offering a warranty, selling through a reputable dealer, and documenting the complete repair history are all potential solutions to sell a high-quality used car. Offering a warranty gives the buyer peace of mind and can assist in building trust. Selling through a reputable dealer can assure the buyer of the car's quality and reliability. Documenting the complete repair history provides transparency and can help the buyer make an informed decision. By utilizing all of these solutions, the seller can increase the chances of selling the car for a higher price and to a satisfied buyer.
Learning Objectives
- Comprehend strategies to alleviate the issue of low-quality products in markets, known as the "lemons" problem.