The classification that is used in the senior market place is the lien plan
Explanation:
This type of plan is most often used with the senior life insurance plan and these plan are mainly to provide the most minimal benefits without the medical examination
In this plan only the one premium will be refunded and that too it assures only in the case of death and later the benefits take over the time and finally the face amount will be payable. This is the demand for repayment and there cannot be full assurance if the company will provide us or not
Questions:
Green Gardens sells gardening and landscaping goods and equipment. The marketing department places an unmanned machine in the store with touchscreen technology to provide product information. Consumers can use this machine to learn about the company’s products and services. The company’s marketing form is best referred to as ________ marketing.
A) kiosk
B) mobile
C) telephone
D) interactive
E) personalized
Answer:
The correct answer is A) Kiosk
Explanation:
A kiosk refers to a small, temporary, stand-alone booth used in high-traffic areas for marketing purposes.
They may be found in the walkways of shopping malls. They may or may not be manned by individuals who sell a product or service—anything from toys and hair-care products to insurance or credit cards.
Some, in fact, are electronic, providing consumers with a self-service-style experience.
Types of Kiosks
- Employment Kiosks
- Health Care Kiosks
- Photo Kiosks
In an effort to make more efficient the process of taking food orders, some restaurants install self-service kiosks. Customers can follow interactive prompts to select their meal and customize their order. The kiosks usually accept credit or debit cards, eliminating the need for a human cashier.
Another example of a widely used Kiosk is an ATM Machine.
Cheers!
Answer:
A. Decrease
Explanation:
In this case, Banana cream and Vanilla pudding are complementary goods which means that they are products used together. Complementary goods are goods with negative cross elasticity of demand. This means than an increase in the price of one good will lead to a decrease in the demand for the other good and a decrease in price for one good will lead to an increase in demand for the other good.
Here, the prices of bananas increased, as a result the demand for vanilla pudding decreases because they are goods with negative cross elasticity of demand.
Answer:
consumers are now willing to purchase more of this product at each possible price.
Explanation:
When the demand for a good or service increases, it means that consumers are buying more. In this case, according to the law of supply and demand, increasing demand will decrease inventories of good and will make it scarcer, increasing the price.
Answer:
Common market.
Explanation:
In this scenario, Countries A, B, and C are at a particular level of economic integration. All these countries enjoy reduced or eliminated internal tariffs on trade between them and have added a common external tariff on products imported from countries outside the union. If these countries remove all restrictions on the free flow of capital and labor among themselves, they represent a common market.
A tariff can be defined as a form of taxation employed by a country and applies to imported goods or services from another country.
A common market refers to a formal organization of countries who have collectively agree to trade freely with one another with reduced or eliminated internal tariffs but imposes a common external tariff on trade with other countries. It was founded in 1958 and was made up of countries like Luxembourg, France, Belgium, Netherlands, West Germany and Italy.
<em>The main purpose and advantage of the common market is that, it avails member countries the opportunity to move goods, people, services and capital freely. </em>
