What would people like to see from an insurance company whether product oriented or customer oriented?
Although the term, "transparency" is much overused, probably something like that can be best achieved by a consumer's enhanced understanding of that which insurance is, what it does, how it is prices and how it is regulated.
Insurance is, in a nutshell, a risk management device. It protects against some, but not all, of the financial loss that may befall a consumer from an event. Consumers must understand that insurance policies do not, nor are they intended, to cover all financial losses, much less in full. For example, a health or a life insurance policy will not pay for the repair of a car, but both may be implicated if an occupant of the car is injured or killed. That is, the auto policy will normally provide benefits for the payment of medical bills and, in some cases, if an occupant is killed, say, by an uninsured motorist, the equivalent of "life insurance". But even in those cases, the medical expenses or the uninsured motorist benefits paid are not the same as health insurance or life insurance.
People may have to rely upon an agent, a financial advisor or an insurance consultant to better understand this. Insurance companies (the entities to which the financial risk of a financial loss is transferred) may, by their nature, take too high a view of their business goals to ensure that consumers understand these day to day realities.
Product oriented marketing as suggested concerns itself more on the product rather than on the customer. Its advantages are usually the quality and value of their products.
Sales is a narrow concept. It is Money oriented , whereas Marketing is a broad concept. It is a Money and Customer satisfaction oriented....When customer is satisfied with product only then he'll purchase that product..
by providing more customer-oriented service rather than product-oriented service.
A company whose primary function is to perform labor tasks for customers; as opposed to a PRODUCT-ORIENTED BUSINESS.
Re-pricing focuses on the rate revision, there is no change in existing benefit structure of the product. The rate revision is necessitated due to several reasons. Some of the reasons are as follows ü When the insurance company feels that the product is not sold as expected then the insurance company will revise the rate to sell the product. ü When the insurance company feels that the product does not give profit as expected then… Read More
A company that is purely focused on its product & innovation, does not consider customer's desires or requirements and importance is kept on the product and nothing else.
Just elaborate your product benifit to your target customer simply so that they can know easily about product and benefits to the customer by which which they become convinced.In this procedure you can sale your life insurance products easily. By- Tikesh
The Chubb Corporation uses CB for the NYSE stock symbol. Chubb offers a variety of insurance services for the business customer as well as the individual person who is interested in this product.
What is difference services between TM Asia life insurance company and great eastern insurance company?
If you compare product to product, GE's premiums are higher
Production orientation means producing product according to the goods acts and here is the seller king. and market orientation means producing the product according to the customer wants needs to satisfy them in order tho achieve the organizational goals
well u see im a great person
Market-Orientation consist of the following. Customer orientation, Competitor orientation, inter-functional coordination and long term profits (Naver and Slater, 2000). Product oriented org. is focused on producing a superior product regardless of what the customers want.
a broker sells the insurance, (is a sales person for many companies generally) and insurance company is the actual company that 'owns' the product, or company it's self........
The mission of the company which is defined in product or technology terms is known as product oriented mission statement. it explains or reflects the nature of business. e.g. POMS of eBay is 'we hold online auctions'. i hope it helps. regards Nazish
A customer is anyone you perform a function for that either assists them in some way or provides a product for them, whether internal or external. An internal customer is within the same company, and an external customer is someone outside the company.
Traditional Cost Accounting System: In this system company first produce the product and then determine the cost of production and then try to sell that product at price covering that cost plus certain percentage of markup on cost. Target Costing: In this system first of all company determines the value of product in the eyes of customer that is how much a customer is willing to pay for the product and then if cost of… Read More
the company that makes it. check the recalls, it may be on there, if not contact the number on the product.
assist customer in the product for the company
what is product oriented learning competencies
Hi, The objectives of Advertising Agencies is to educate the customer about the new or existing product. Launch the new product and help the company to reach more customer.
external customers with examples Isn't this just like a normal customer. Someone who receives a product or service from a company. Like in a clothes store. You go in and buy a new shirt. You received a product from that company.
A product oriented firm bases its planning on its own requirements and what it wants to produce. --GEZ-- My name is M.Suhayl Jameel I am very Black and have many brothers and sisters in jack hunt hahahah Black Man ruleeezzz
Ask him why and tell him ur sorry for whatever the company did.
Well, as an insurance company, they offer many product lines, and are committed to franchise value. They have over 50 product introductions, which you can check out on their website.
Price, amount of money customer must pay to obtain the product Place, includes company activities that make the product available to target customers Promotion, activities that communicate the merits of the product and persuade target customer to buy it. Product, the good and services combination the company offers to the target market
'insurance is a subject matter of solicitation', which essentially means that insurance has to be requested or asked for, not sold. - Souvik Maitra To fully understand the meaning of this cryptic phrase, take a look at the wording of any insurance policy that has been issued by an insurance company to a customer. Every insurance policy says that the insurance company is providing you insurance against a risk on YOUR request/solicitation, i.e. the company… Read More
There isn't a single, unitary company which does this. The customer purchasing their product typically contracts the companies, who will haul the product to the customer's distribution centers.
If A product is good at customer service then the margins of the company will decrese as they have to replace the product for customer satisfaction. if this was rejected it leads to negative publicity. Which results in decrease of net profits. Venkat
A product oriented business is when a business/company does not carry out research before manufacturing a product whilst a market orientated business is a business/company that carries out research before manufacturing a product(s)
Yes, there is definitely a relationship between product performance and customer satisfaction, although product performance is not the sole reason for customer satisfaction. It's a pretty simple formula, if the product performs well either to or above the customers' expectations, then their satisfaction of the product improves. If a product does not perform well, or is below the customers' expectations, then customer satisfaction decreases. Product performance is not the sole reason for customer satisfaction. Other… Read More
1. Telling the customer or viewer what is it that makes this product of this company for example better than that product of a different company. 2. In other cases, slogans tell the customer or viewer what next step shall he/she do in accordance to this product for example. 3. Simply, telling people why should they buy this product for example
Marketing oriented business centers its activities on satisfying the needs or wants of its customers. Product oriented has its primary focus on the development of its product.
Put simply, marketing is finding out what customers want and supplying it at a profit. The process is customer oriented. The customer will not buy an unwanted product. The product must be provided at a profit. Profit provides the incentive to continue with the business. The potential for increased profits offers the main incentive to develop and supply a variety of products to tempt the customer.
Melaleuca is NOT a retail product. All Melaleuca products can be purchased direct from the company, either as a preferred customer (savings for you) or as a regular customer (no savings, but no minimum product order). Any Melaleuca representative can get you setup with the company and help you order.
Differentiate between a process oriented and a product oriented performance based assessment?"
A Product based company is one that develops a product with reference to the market and its customer needs and then sells in the market. A Services based company is the one that provides its services to the client for completing his requirements. Product Based company only deals with Product's. Ravi, CEO, SineLogix, Bangalore
An underwriter is a person who works for the insurance company and who reviews applications for insurance to see if they meet the requirements of the insurance company and also that they told the truth on their application. They also review the rating of the insurance product to be sure the policy is properly rated.
Unfortunately, customers often act from misinformation, and sometimes from malice. For instance, a customer may demand a product that a company does not offer. In this case, the customer is not right.
To bring in new business into the company. To retain and service old account To create awareness on insurance product to prospect To educate prospect/client on the right insurance policies to be taken
You will must be making some assignment. Anyhow its a backbone of any Product or Services oriented organization for the sake of customers satisfaction & to answer their queries instantly. Infect this department does nothing but a bridge between Problem Solver and Clients but they are always trained with best Behavior ethics so that they can Provide a feel to the clients that Yes there is someone to help them from Company.
Customer satisfaction is a measure of how the products or services that are supplied by a company match up against the customer's expectations of that product or service. For example, if you purchase an item from a TV Commercial that guarantees customer satisfaction, it must be a product that matches your expectations of how good you think the product will be or how good it will perform. There's a customer satisfaction index for measuring these… Read More
Product oriented performance assessment only considers the final product, regardless of how the result was achieved. Process oriented achievement focuses on how the final result was achieved, not the final product of the effort itself.
retail refers- through a company or person make availability of more types of product at one place for customer,, retail management mean to manage the customer at one place for more product.
Describe what you should do when a customer complains to you about a product or service that your company provides?
Consider the complaint to be helpful feedback that can lead to a better product or service and better customer relationships. Also, don't take the complaint or the anger personally.
The key result of procurement is that the company has the raw materials that they need when they need it to produce its product or sell a product to the customer. A secondary result is that the company does not have downtime waiting on supplies.
A la biosthetique is a type of salon, used in companies that provide beauty services. La Biosthetique is a product used by a company to beautify a person with its quality product. It makes skin naturally beautiful that is why the body contour company use it as their product to their customer.
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Product-oriented process is defined by the expected outcome. This is a project that will revolve around a particular product as the end result.
An online database is searched in order that the consumer can find the product they are looking to purchase, and it is selected. The customer then checks out, and their information is added to a customer database so the company can email the customer periodically; first to review the product and then any time after when the company things the consumer may be interested in a new product. The customer databse also prevents consumers from… Read More