A premium is THE AMOUNT AN INDIVIDUAL PAYS FOR AN INSURANCE POLICY.
The premium may be paid monthly, quarterly, semi-annually, or annually.
Insurance policy is the contract between the insurance company and the individual.
Claim is the amount that is paid by the insurance company to the individual insured.
The answer is D.More elastic because sugar tends to represent a larger fraction of a consumer's budget
<span>During the recession witnessed in early 2001, many firms laid off their employees and downsized. The reason for the downsizing of employees from these firms in 2001 was the incompetency and poor performance of the employees. It may sound mean but to the company, this is advantageous since they can reduce the costing while at the same time maintain or increase the final goods.</span>
Answer:
The answer is a firm's business level strategy
Explanation:
A strategy is a blueprint or a plan which spells out the major policies of an organisation, its goals and actions that will enables it to achieve the organisational objectives.
A firm business level strategy is a tool aimed at improving the competitive position of a firm's products within the market segment or industry that the firm operates. It focuses on how a firm will satisfy customer's needs and gain competitiveness in the market in which it operates by exploiting opportunities in market.
