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Warranty: Many products come with a warranty that guarantees that the product will be free from defects and will function as intended for a certain period of time. If the product fails during the warranty period, the buyer is entitled to a repair, replacement, or refund.
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Service-level agreement (SLA): In the realm of services, such as telecommunications or cloud computing, an SLA outlines the performance standards and guarantees provided by the service provider. It typically specifies parameters like uptime, response time, and service quality, and offers compensation or penalties if the provider fails to meet the agreed-upon standards.
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Money-back guarantee: Some companies offer a money-back guarantee, which allows customers to return a product within a specified period if they are not satisfied. This guarantee assures customers that they can get a refund if the product does not meet their expectations.
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Quality assurance: In certain industries, such as manufacturing or construction, quality assurance processes are implemented to ensure that products meet specific standards and specifications. This includes rigorous testing and inspection procedures to guarantee the quality and reliability of the products.
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