All the following are advantages of level premium whole life insurance except:
A) furnishes permanent protection
B) small initial outlay v. single premium whole life
C) combines savings with insurance
D) provides inflation protection
D
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Edward Cheezer's makes and sells frozen four-cheese pizzas, New Yorkâstyle. The expected selling price is $10 per pizza. The projected variable cost per pizza is $6 . The estimated fixed costs per month are $10,000. If 6,000 pizzas are sold in a given month and fixed costs increase by $5,000, the overall profit is
a. $15,000. b. $19,000. c. $20,000. d. $9,000.
Which statement about the formula sales presentation is INCORRECT?
A. Modified rebuy situations are a good time to use the formula sales presentation method. B. The formula sales presentation is based on the AIDA procedure of developing and giving the sales presentation. C. The formula sales presentation is the best method to use when the prospect allows a few minutes for the presentation. D. To successfully use the formula sales presentation method, the salesperson must have previously identified the prospect's needs and wants. E. The customer has the largest amount of talking time during the latter half of the presentation phase of the formula sales presentation.
Whereas ____________________ is used to protect and identify a product, as well as attracting the attention of buyers, ____________________ is used to provide customers with product information, including some information required by law.
Fill in the blank(s) with the appropriate word(s).
A budget that is based on the actual activity of a period is known as a:
A. master budget. B. flexible budget. C. static budget. D. continuous budget.