Answer:
The correct answer is letter "D": Insurance companies will only cover losses suffered while the policy is already in place.
Explanation:
Regardless of the type of insurance you purchase, the purpose of the coverage is having a policy in case an unexpected unfortunate event takes place. <em>Insurances do not enroll individuals who need the policy just because of an ongoing accident</em>. Those individuals could enroll in an insurance plan but the ongoing accident will not be covered by the company. Only those events happening when the policy is already valid are subject to evaluation for coverage.
Answer: New-product strategy
Explanation:
Based on the information given in the question, Sarah and her team were at the new product strategy stage of the new product development process.
This is a strategy that is used to develop a new product. The strategy helps to answer questions such as who will benefit from the products, the goals of the company and other necessary details.
Answer:
True
Explanation:
Patent -
It refers to the legal rights given in order to sell , publish , manufacture the goods and services for a specified time period , is referred to as a patent .
The company or people has the legal right to sell or publish any others work .
These patents are approved by the government .
It enables to provide the monetary value for the country , by designing and developing goods and services.
Hence , from the given scenario of the question ,
The correct term is patent .
Answer:
(C). Involves serving buyers in the target market niche at a lower cost and a lower price than rival competitors
Explanation:
The focused low cost strategy is a business level strategy that <u>involves an organization choosing a segment or niche </u>within a large market and then <u>focusing its available resources on serving the needs of customers in that market segment.</u>
It requires the organization to operate at<u> low costs</u> so it can <u>offer prices of its products, lower than what competitors have to offer.</u>
