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What is the advantages of sale department?
The most important department in a company is the sale department because it brings money to the organization and let it stay alive. No company survives without sales.
What are the disadvantage and advantage of public relation?
i have a few advantages and disadvantages for you. Advantages: credibility, cost, the ability to reach specific groups and image building disadvantages: consumers not making the right link to the source of what you are trying to put across and the management and lack of coordination with the marketing department.
How pricing affect underwriting?
Pricing directly impacts underwriting by influencing the risk assessment process. If premiums are set too low, underwriters may take on higher-risk clients than advisable, potentially leading to increased claims and financial losses. Conversely, adequately priced policies ensure that underwriters can maintain a balanced portfolio, aligning risks with appropriate premiums. Ultimately, effective pricing supports sustainable underwriting practices and helps maintain the insurer's profitability.
What is the relationship between production department and marketing department?
The production department stays closely in touch with the marketing department to let them know when products will be available. The marketing department also shares information with the product department about which products are profitable.
What are the advantages of proactive?
what are the advantages of proactive purchasing
A Decentralized training department results in?
d
Is it illegal to decline home insurance quote?
No, an insurance policy quoted by an agent initially then goes to the underwriting department which reviews it and accepts it. If the underwriting department does not want to accept it due to losses, etc, then they don't have to and will decline it.
If my Loan application has been accepted by the underwriting department have i got the loan?
If the loan application has been accepted by the underwriting department, it usually means you have been approved for a loan. Until the paperwork is signed, a loan offer is not final.
What are advantages and disadvantage of underwriting?
Advantages of underwriting include providing access to capital for businesses, spreading risk among multiple investors, and ensuring rigorous due diligence is conducted before making investments. Disadvantages could include the time and cost involved in the underwriting process, potential conflicts of interest between underwriters and issuers, and the possibility of underwriting syndicates failing to sell all shares of an offering.
What is the difference between centralized and decentralized billing?
Centralized billing is performed by a group or department in a central location to an organization. Decentralized billing is where various individuals have the responsibility to bill for their product or services from field locations. There are advantages and disadvantages of both types of billing methods. Centralized billing offers control of the workflow, easier to manage from a corporate perspective and easier for metric purposes (depending on your industry). Decentralized billing is often best used in situations where billing is complex and technical in nature. Billing information is closer to the work being performed and thus Q&A is faster (and hopefully more accurate) in a decentralized environment.
What is the main responsibility of the underwriting department of a life insurance company?
To assess the risk of all applicants vis a vis the company's insuring guidelines.
How does a decentralized kitchen differ from a centralized kitchen?
what a decentralized kitchen and how a decentralized kitchen
Advantages of a decentralized system of government?
Greater exchange of ideas and policies, more choices, less meddling from higher up, greater flexibility.
Is Nike centralized or decentralized?
Decentralized
Is GE a centralized or decentralized structure?
decentralized
Who has the decision-making authority in a decentralized organization?
It depends on who has authority in the particular area concerned. This may be the head of a regional or local budy or of a functional department.
Advantages and disadvantages of internal communication?
Advantages are: Members from a certain department may be contacted quickly and efficiently.
