¶ … Product Warranty
Products for home improvement are the most common commodities in the market from which consumers demand much warranty from the manufacturers because of the basic fact that they are expected to exist and last long within the presence of homes. Such products include both electrical and non-electric appliances, home furniture, as well as services and materials provided for home improvements. In general, product warranty, even in any type of transaction, equates product liability. In that the consumers expect that a product will only show the inability to provide its purpose because of wear due to length of period that it was frequently used or because of damage caused by the consumer's failure to take care of the product. Except from these two reasons, product reliability is expected. When product reliability is not served to consumers, product warranty comes in to protect the consumers' rights of acquiring quality products.
Product warranty makes the manufacturers, or any persons responsible for the delivery of a quality product, liable to any damage a product may have or to any damages a product may cause. Hence, product liability is covered in product warranty and in most consumers' law these two factors usually go hand in hand. In that a warranty guarantees the liability of concerned parties who are the sources of products should any product-related problem may be encountered by the consumer. European Journal of Marketing defines product liability, as a measure of product warranty, as follows.
Products liability is a general term that covers the rights of redress that are provided to persons or parties who suffer some form of damage or injury due to lack of contractual performance or lack of care on the part of those involved in the supplies, manufacture, distribution, and sale of product.
In a concern to the consumers' rights, the law recognizes warranty to guarantee honesty and fairness to both trading parties -- the consumers and the sellers. From the side of the provider of the products, such as the manufacturers, the following defines product warranty, as indicated by...
International Presence Home Depot has major presence in Canada other United States and has successfully established its business in the country. Before Home Depot Canadian home improvement market was ruled by Rona chain of stores which also has a number of branches all over the country. After penetrating the market Home Depot challenged the position of Rona and now is in cut throat competition with it as Home Depot also has
At the same time the social awareness is increasing in terms of its viability as a rescue product in case of any battery failure. Technological Environment: The renewable energy products are gaining popularity in developed countries. The technology used in the product is using sunlight to transform it into solar energy for chagrining battery. Therefore it is an advanced technology. The usage of solar technology as well as the presence of
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