Answer:
3. an insurance agent and an insurance company
Explanation:
Insurance simply means protection from financial loss.
Types of insurance are:
1. Property insurance
2. Life or personal insurance
3. Marine insurance
4. Fire insurance
5. Liability insurance
6. Social insurance
7. Guarantee insurance
Insurance Agents are people that work for insurance companies to reach out to new and existing customers to sell insurance. An insurance agent acts as an intermediary between an insured and the marketplace
An insured means a person or organization covered by insurance. They are like consumers.
Insurance company (insurer) is a business that provides coverage, in the form of compensation resulting from loss, damage or injury, treatment or hardship in exchange for premium payments.
Wholesale Broker is a type of insurance broker who acts as an intermediary between a retail broker (insurance agent ) and an insurer while having no contact with the insured
Answer and Explanation:
The preparation of the differential analysis is presented below:
<u>Particulars Lease Machinery Sell Machinery Differential Effect on Income
</u>
Revenues $284,900 $275,700 $9,200
Costs $24,600 $13,785 $10,815
Income (Loss) $260,300 $261,915 -$1,615
It is better to sell the machinery as it has a loss of $1,615
Answer:
a. sales orientation
Explanation:
The sales orientation is a business model that focused to make the best product and the services without knowing the customer needs and wants
Therefore as per the given situation, it is mentioned that there is a lack of understanding with respect to the customer wants and need
So this represents the sales orientation
hence, the correct option is a.
Answer:
Computaried budgeting systems help companies in the budgeting process, which is used to easily put together finantial statements in order to gauge future operations for the company since they process the budget very fast, reducing the amount of resources employed by the company in such tasks.
Thus the option which is Not a benefit would be <em>(</em><em>D.</em><em>)</em>.
Explanation:
