Asked by Ashley Salesman on Jul 23, 2024
Verified
When a company enters into a contract that guarantees free service and parts replacement for a certain period of time on a piece of equipment, it is called a(n) _______.
Service Contract
A contract that covers services for equipment that are not included in a standard maintenance contract.
Parts Replacement
The process of substituting a damaged or worn-out component of a machine or system with a new one to ensure functionality.
- Understand the different types of contracts and warranties for equipment and their benefits.
Verified Answer
TF
Learning Objectives
- Understand the different types of contracts and warranties for equipment and their benefits.
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