For calculating the replacement value of the house the insurance company keeps in mind few things like the location of the house, year of construction, the up-gradation and the type of gradation.
<u>Explanation:</u>
These are some of the factors insurance companies take into account when calculating the replacement value of a home:
Location of the home, Year of construction, Year of last major upgrades, Types of upgrades, Total square footage of the home, Foundation and building materials for the home.
The 80% rule refers to the fact that most insurance companies will not fully cover the cost of damage to a house due to the occurrence of an insured event (e.g., fire or flood) unless the homeowner has purchased insurance coverage equal to at least 80% of the house's total replacement value.
Answer:
<u>Buyer Behaviour Analysis</u>
Explanation:
- The phenomenon is analyzed through the purchase decision made by the customers as the Walmart is big MNC has offices in various parts of the world and is open 24 hours and hence collects the data form its customer to clients around the world to help deliver better every day and carry out orders on large scale.
- They are studied as the routine response, limited decision making, the extensive decision making, and impulsive buying, thus It's been identified as the routine response behavior with purchase of low-cost basic items each and every day. Like the soft drinks, snack foods, and milk, etc. Thus a form of B2C business.
Answer:
Difference between Departmental store and chain store. Department stores are offering a wide variety of goods for retail sale, while chain stores are retail outlets in various locations under the same brand and management
Explanation:
As a rule of thumb, when renting an apartment, your monthly rent should not be more than the amount you earn in wages. When renting an apartment, or anything you need to make sure you can afford it so the landlord does not kick you out for failure to make a payment. Always make sure your income is more than your bills.
Answer:
The answer is C. Some firms exiting the market
Explanation:
When there is a sudden fall in the market demand in a competitive industry(e.g perfect competition) some firms would making economic losses and it is best if they shut down operation and production. Once these happen, they exit the market.
Option A is incorrect . Same as option B.
Option D is also incorrect