I believe this is true.
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Brainstorming and also the infinity diagram can be used in group decision making.
Answer:
Speed Wheels and the Insurance Company
The insurance company will pay Speed Wheels $14,200.
Explanation:
a) Data:
Insurance cover = $150,000
Insurance premium = $7,500
Insurance Claim = $14,200
b) The insurance company is expected to restore the insured, Speed Wheels, to its former position before the damage. It can do this by issuing a check to the value of the claim after some verifications. The insurance company will most likely not reject the claim as the amount of damage suffered is within the insurance coverage.
Answer: Variable interest rate loan
Explanation:
Given, Sara has a loan with an interest rate of 2% now, but according to the terms and conditions, the interest rate could quadrupole after 18 months.
That means the interest rate will change after 18 months.
The term that summarize the situations would be "variable interest rate loan"
- A variable interest rate loan is defined as a loan in which the interest rate charged on the current balance fluctuates over time as market interest rates changes.
- It mostly generate more interest.
Non price competition is competing against others when price isn't the driving force of differentiation. If a local restaurant repairs a new recipe for it's lunch menu it is using the physical characteristic form of non price competition. The restaurant is hoping to differentiate based on the quality and taste of their new lunch item compared with another restaurants.
