Insurance is a coverage that assesses the risk of a certain item/person. If that item/person is in good condition, your insurance will be lower because it's less likely it'll get damaged.
This is why if you have a bad driving history, your car insurance is high (as there is a high risk).
If you were to instal an alarm, live in a safe neighbourhood or choose not to install a swimming pool you would actually reduce your insurance.
If you have an alarm, you are less likely to have stuff stolen (safer = less risk).
Living in a safe neighbourhood is safer = less risk.
Not installing a pool means your property remains the same value (putting a pool could increase it), higher risk of someone drowning in the pool, or hurting themselves. So by not building the pool, you'll have a safer environment = less risk.
If you build your house in a floodplain, the chance of your house getting damages by a flood is very very high, so you will have to pay more as there is an increased risk.
Answer:
The marginal revenue product has a property known as diminishing marginal return.
The property of diminishing marginal return tells us that theres an amount of input that maximizes revenue, and after this point is reached, additional units of input less addional revenue until diminishing it.
In this example, the Collection Agency is way past the maximum revenue point (located at $34.00 per worker). It needs to lay off employees until it goes from the current $40.00 marginal revenue product, until $34.00 marginal revenue product.
The best answer to this question is the unlisted option of <u>d) establishment </u><u>of a </u><u>completely new market.</u>
<h3>Benefits of introducing products to market</h3>
- A chance to build a new market that buys the good you sell.
- A chance to build strong brand loyalty to the new type of products introduced.
Being the first to bring a product to market is therefore very advantageous as it puts one in the dominant market position in a new market thereby guaranteeing profit.
In conclusion, option d is correct.
Find out more on new products at brainly.com/question/25181857.
<u>Answer: </u>Option B Together the product lines make up Clorox's Product mix.
<u>Explanation:</u>
The total number of product lines offered by the company to its customers can also be stated as product mix. It also represents the product assortment that is offered to the customers. The product lines offered by Clorox are vastly different and it has five product lines.
To have deeper understanding on the product mix the depth, width, length and consistency of the product mix can be studied. Risk can be reduced by increasing the product mix.
