Answer:
All other factors being equal, the premium in a survivorship life policy as compared to the premium in a joint life policy should be higher
Explanation:
All other factors being equal, the premium in a survivorship life policy as compared to the premium in a joint life policy should be higher because it effectively contains the premium of two people which would be paid out upon the demise of both parties to their heirs. Unlike in the case of first-to-die joint life policy that pays to the surviving partner upon the death of the first.
You should make note of the fact that no bill was received but you did make the payment.
Changing prices to attract customers is most difficult in a "<span>purely competitive market"
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Answer:
The additional sale will not conflict with regular sales.
Explanation:
Accept business at a special price if the additional sales conflict regular sales. That is, special price must maintain the status quo or improve it.
