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zimovet [89]
3 years ago
15

What is the purpose of travel insurance?

Business
2 answers:
lapo4ka [179]3 years ago
7 0
Answer that most makes sense would have to be 3
mezya [45]3 years ago
4 0

The correct answer is 3) to pay for any accidents that happen while you are on vacation

Explanation:

Travel insurance is a type of insurance plan you pay before a trip to cover unexpected events especially accidents, injuries or similar that require medical coverage during a trip. This type of insurance is important because when you travel abroad you might need medical services and by paying a travel insurance these are covered. Besides this, travel insurance can cover other unexpected events such as travel delays, repatriation of remains or lost damage. According to this, the purpose of travel insurance is "to pay for any accidents that happen while you are on vacation".

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Why are differentiation and low cost leadership strategies referred to as generic business strategies? they can be simultaneousl
kumpel [21]
<span>Differentiation and low cost leadership strategies are referred to as generic business strategies due to the fact that they can be used in basically any organization, regardless of the industry.</span>
7 0
4 years ago
Kiley Electronics is considering a project that has the following cash flow data. What is the project's IRR? Note that a project
lisov135 [29]

Answer:

d. 13.31%

Explanation:

IRR is the rate at which NPV = 0    

IRR 13.31%    

Year                                      0            1              2                3

Cash flow stream               -1100.000    450.000   470.000    490.000

Discounting factor                    1.000       1.133        1.284         1.455

Discounted cash flows project  -1100.000 397.136 366.060 336.804

NPV = Sum of discounted cash flows    

NPV Project = 0.000    

Where    

Discounting factor = (1 + discount rate)^(Corresponding period in years)  

Discounted Cashflow = Cash flow stream/discounting factor  

IRR  = 13.31%

Therefore, The project's IRR is 13.31%

5 0
3 years ago
Economies experience sacracity because:
a_sh-v [17]

Scarcity helps people make more informed choices about how to use the resources that are available. The concept of scarcity works in business in the following ways: Scarcity is essential to the study of economics. A fundamental aspect of scarcity is the mismatch between supply and demand.
5 0
3 years ago
RV Company agrees to buy a certain quantity of vintage campers from Sales Inc. Their contract limits consequential damages for l
Aleks [24]

Answer:

consequential damages cover only reasonable foreseeable losses.

Explanation:

  • The contract limits the resulting loss to lost profits from the use of the goods. The limit is not necessarily unconscious because lost profits are not necessarily significant and can be considered as direct or indirect losses.
  • the contract may apply to both the lease and the sale and excluding some from the contract simply because it is a commercial loss makes no sense.
  • so limit is not necessarily unconscionable because consequential damages cover only reasonable foreseeable losses.

4 0
3 years ago
for firms that adopt innovation as a core component of their strategy, price, not product performance, is the major selling feat
Delvig [45]

Price, not product performance, is the primary selling point for businesses who adopt innovation as a central component of their strategy, this is an untrue statement.

There is a misconception that the closed innovation paradigm underlies innovation produced by firms themselves. This innovation takes place wholly within the businesses, from idea generation through idea development, and is clearly specified within the boundaries of the businesses. To successfully implement closed innovation in a company, a number of criteria must be taken into account. Employee needs in closed innovation are particularly high, and the company intends to expand its pool of qualified personnel. The business must also safeguard its intellectual property.

To learn more about innovation here

brainly.com/question/20984456

#SPJ4

7 0
2 years ago
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