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Adam introduces key business words related to shopping: warranty, guarantee, refund, rebate, exchange, and credit. He emphasizes the importance of spelling, particularly for "guarantee" with a "u." These terms are often confused, so he clarifies their meanings and how they are used. Warranty and guarantee are commonly mixed up, but they have subtle differences. Warranty refers to a promise regarding the durability of a product, while guarantee ensures satisfaction. Understanding these distinctions is essential for effective communication and consumer rights.
