Question
1. Explain L.L. Bean's Lifetime Return policy, why it decided to change the agreement. Why do returns represent possible adverse selection? 2. Explain why some
1. Explain L.L. Bean's Lifetime Return policy, why it decided to change the agreement. Why do returns represent possible adverse selection?
2. Explain why some companies have a lifetime return policy (like Nordstrom). In the long term, do you think this is more beneficial for the consumer or seller?
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
