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
Yea. Like with Nike always being next to Lebron or Curry with Under Armor.
We can find the increase in operating income for each $ 1,000 increase in revenue per month by finding the contribution margin ratio and the multiplying it with the increase operating income of $ 1,000 each.
The formula to find the contribution margin ratio is :-
Contribution margin ratio = Contribution margin per unit / Selling price per unit
= 12 / 20 = 60%
The increase in operating income = Contribution margin ratio * Revenue
= 60 % * 1,000
= $ 600
The calculations are shown below :-
Selling price per unit = $ 20
Variable cost per unit = $ 8
Contribution margin per unit = Selling price per unit - Variable cost per unit
= $ 20 - $ 8 = $ 12
You should include your name but I cant select all that apply you need to include it. I don't even know if it has name in it.
