Say you are buying a bicycle. you do not plan to use the bicycle for more than a few years before buying a new one, but will rely on it in the meantime. you know that your bicicyles tend to need repairs periodically, but you tend to take good care of them overall. the bicycle is relatively cheap, so you do not want to invest too much money into it. what kind of warranty would be a good one to purchase and why?
a.
full warranty
b.
limited warranty
c.
replacement warranty
d.
overlapping warranty

the answer is B. Limited warranty

b.  limited warranty

Explanation:

As the need is limited to a certain period, the warranty shall also be limited, if there will be full warranty then it will require huge cost, since the cost has to be less as the budget is low, the warranty demanded is also limited.

Replacement warranty is the warranty to replace the defects of the product within the specified time, or it might be full time as to replace the entire product.

But as the replacement is limited to a certain period with low cost this is not the correct option.

Similarly overlapping warranty is of no use as the warranty will overlap basically meaning that the warranty will be for new product as well.

Again requiring huge funds.

Thus, the correct option is limited warranty.