What are your answer choices ?
The grace period, during which a policy remain in force even though the premium has not been paid depends on the state. But generally, a grace period of 7 days is usually allowed for weekly premium payments, ten days for monthly payment and thirty one days for other policies.
Answer:
The answer is option B) without a carefully calculated financial plan, a firm has little chance for survival, regardless of its product or marketing effectiveness.
Explanation:
The financial plan of an organization also known as financials is a record used to determine how a business will afford to achieve its strategic goals and objectives.
The Financial Plan collates each of the activities, resources, equipment and materials that are needed to achieve these objectives and specify time frames involved.
A financial plan contains a sales forecast, expense budget, cash flow statement, income projections, asset and liabilities, depreciation table, break even analysis and pre-operating costs. It shows whether the firm is making profit or running at a loss.
It is usually prepared in a spreadsheet.
This plan is what the bank and investors will need to evaluate your business.
Without a carefully calculated financial plan, a firm has little chance for survival, regardless of its product or marketing effectiveness.
Answer:
"A"
Explanation:
Gross domestics product is the market value the goods and services produced in a season irrespective of who produce it whether a foreign or indigenous producer.
Gross national product is the measure of the value of goods and services produced in a season by nationals of a particular country irrespective of the location they were produced.
One major difference between the two is that gross domestic product include income payments to foreigners for their work domestically but gross national product does not.
Answer:
A general rule of thumb among marketing researchers is to use secondary data first and then collect primary data.
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