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Studentka2010 [4]
3 years ago
10

A life insurance salesperson who takes advantage of the foot-in-the-door phenomenon would be most likely to

Business
1 answer:
LiRa [457]3 years ago
7 0

C. Ask customers to respond to a brief survey of their attitudes regarding insurance.

The "foot in the door" phenomenon is the tendency for people to agree to a large request if they have already previously agreed to a smaller/easier request. In this case, because the salesman has already convinced the customer to sit down and talk to him, they will be more likely to agree to do more by taking the survey.

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One of the largest challenges that will be faced by the potential competitors when they try to enter an industry will be that they will face that cost of production will be higher and they would require higher volumes for achieving profits. When a company is new to an industry there will be competitors who are already established well on that particular industry.

The challenges and the opportunity that are in existence will be well known to the existing competitors. They already have buyers and suppliers chain. Hence, the new entrant will have higher production cost and also they require higher volumes to achieve profits.

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