Insurance companies expend a lot of effort marketing their offerings, mainly due to the fact that insurance is an unsought product that consumers don't normally think about much.
<h3>What are unsought products?</h3>
Although a buyer may feel pressured into purchasing a product they do not want, unsought commodities are frequently bought under certain circumstances, so a marketing strategy that harasses consumers into purchasing the product will be seen as immoral. A notable example of an unasked-for good is funeral services.
Unsought goods are those that consumers are unaware of or hardly ever think about purchasing and whose acquisition is motivated by a combination of risk or worry about harm and lack of desire. Examples of well-known but unpopular things are funeral services, encyclopedias, fire extinguishers, and reference books.
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Answer:
Adhering to taxation rules, Ensuring consumer protection, Identifying limited market segments, Managing consumer trust
Explanation:
E Business is a business having major or all of its transactions, on internet medium. Eg : E Commerce (Online shopping) businesses, Online educational courses businesses.
Audio Podcasting & Video-Conferencing are not E Businesses challenges. As these are their expertise areas, being an online business. Also, the user flexibility they offer is inherent USP of online businesses. Similar is the case for content management systems.
However, lacking physical existence in markets, face to face interaction with customers : They face challenges like - identifying limited market segments, consumer trust & consumer protection. Also, all their variant transactions (with different tax slabs) being online, the return policies - might make taxation rule adherance also a potential challenge for them.
Answer:
Individualistic
Explanation:
Individualistic mindset focuses on the individual and gives them more emphasis than the group.
The opposite of individualism is collectivism or group mentality which emphasise the group over the individual.
To discuss the merger between the two companies, ABC company only sent one person while XYZ company sent 5 people from different departments.
ABC is most likely have a individualistic mindset and they feel one person can handle the negotiation.
On the other hand XYZ sent representatives from each department. This shows the organisation has to agree to the deal so all departments are involved.
Answer:
Eviyan's Performance Evaluation Report:
The manager has scheduled him for a meeting for a performance feedback interview.
Explanation:
Performance feedback interview is an opportunity for the employee to meet with his manager in order to iron out issues and reflect on the outcome of the evaluation. The employee will also be required at the interview to explain and defend the performance result face to face with the manager. Since there are always some differences in perception and evaluation, the interview provides that needed chance for a detailed discussion so that corrective measures will be defined and agreed upon. It is a good performance policy to schedule such an interview following a performance evaluation report.
