Answer:
prior to using the <u>Assumed names</u>
Explanation:
An insurance producer must get himself or his organization registered before doing any business of insurance.
For this there are certain rules as related to the names of such business.
There is the requirement to follow the rules and regulations.
If some person does this business not in his name, and uses some other assumed name, that is any kind of "insurance" word is used for example, "Life Insurance Co." then the person is required to take a prior permission from the commissioner.
This is to ensure that the name shall not be registered with some other organization.
Thus, no assumed names to be used, before prior permission is received from the commissioner.
Answer:
3) physical-asset specificity
Explanation:
In a business to business relationship, physical asset specificity refers to an asset, or product or service designed to fit a particular or specialized customer's need.
In this case, True Tomato needs a very specific type of bottle that probably no other ketchup manufacturer may use or want to use. So their bottle supplier specifically manufactures the tomato shaped bottle to meet True Tomato's specific requirements.
With prestige goods and services, a higher price may, but not always, result in a higher sales volume.
<h3>What do economists mean by prestige goods?</h3>
Numerous products and services have prestige value, elevating the standing of their owners or users. Such items are referred to be prestige (or status, or positional) goods. These prestige products include things like jewelry, designer apparel, expensive homes and vehicles, and lavish entertainment.
<h3>Why is the demand curve for prestige items different?</h3>
Prestige goods may actually see an increase in demand as a result of price increases since customers perceive them to be more value. The demand curve slopes upward in certain circumstances.
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Answer is A, due to food allergies, but preferences CAN come into play. Allergies come first, though, along with medical issues.
Answer:
Managers should be held responsible for only those cost, revenues, or assets over which they have substantial control should be considered as a
FALSE Statement.
Explanation:
In order to understand this statement comprehensively, we need to know the following two views.
The Omnipotent View
The Symbolic View
The Omnipotent view
This view defines and makes managers wholly responsible for all the success and losses of an organisation. This view referred managers as completely liable for all the operations, causes and their resulting effects within an organisation. No matter what, they are held liable for the consequences. For example, when a football team performs, coaches and managers are held liable and they come under radar in case of bad performances.
The symbolic View
This view says that managers make decisions in the best interest of the firm on the base of available resources, assets, costs and revenues but there are certain things which are beyond their control, they have very less or little control over certain things like economy, political environment – rules and regulations, competitors actions, market conditions, having control over technology etc.
Consequently, mangers cannot be held completely responsible; they have limited impact and effect over the organisational performance.
