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Explain the purpose of a contract with reference to a policy - short term insurance?
What is the purpose of a contract?
Why was multi-peril short term insurance products developed?
why was multi peril short term insurance products developed
Why insurers developed multi - peril short term products?
why was multi peril short term insurance products developed
When economist refer to a products usefulness they use the term?
Utility
What is meant by the term competitive pricing?
In simple terms, competitive pricing is seeking to obtain sales through offering lower prices than your competitors. More commonly, prices are similar across competitors who battle for an edge in the quality of their offering for that price through service or extras.
Explain the purpose of a contract with reference to a policy - short term insurance?
What is the purpose of a contract?
Which term is used to describe the offering of equal or better quality products or services at a lesser price than your competitors?
Predatory pricing is what you call a pricing strategy where you offer the same products and services for a lesser price than your competitors.
What are the products of the terms on the diagonals when two ratios are compared?
The products of the diagonal terms of two ratios is known as the cross product. This term is more often used in reference to vectors, however.
What is meant by the term Loss Leader?
Loss leader pricing means when they are sold below the cost price which could encourage the customers to buy other products sold by the business
What does the term dymo means?
The term dymo usually is a reference to a stand alone or hand held label printer. DYMO, the company, is a manufacture of these types of printers as well as other similar products.
What is Snake oil and what is the purpose - also tell you how you can make?
Snake oil is a general term referring to fraudulent products, so it is not something you actually make. Originally it referred to fraudulent medicinal products, but the term is now used more widely.
What does the accounting term MPV mean?
Material Pricing Variance
What term is there for a difference between Bid and Ask pricing measured in pips?
The term for the difference between Bid and Ask pricing measured in pips is called the "spread." It represents the transaction cost for trading a financial instrument.
What does echo-friendly mean?
"Eco-friendly" means it is friendly to the earth or "ecology". This term is usually used in reference to "green" products like hybrid cars and bamboo flooring.
What is src for a gun?
No reference for that term
Should surplus capacity be considered for short term pricing decisions?
yes
By what means do companies try to increase the sales of a product?
Companies have several options available for increasing the sales of a product: coupons, prepayment, price shading, seasonal pricing, term pricing, segment pricing, and volume discounts.
