All companies define the value chain in the same way.
Answer the following statement true (T) or false (F)
False
Different companies define their value chains in different ways, depending upon their strategies.
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In office LANs, one computer is often used as a central repository of programs and files that all connected computers can use; this computer is called a(n) _____.
Fill in the blank(s) with the appropriate word(s).
Inventory may become obsolete because of technological advances even though there are no signs of physical wear
a. True b. False Indicate whether the statement is true or false
The degree of price elasticity is based upon _____
a. urgency of need and availability of substitutes b. shopping orientation and market size c. size of economic shoppers and economic conditions d. inflation and age of target market
All of the following statements about regulatory objectives of insurance rate making are true EXCEPT
A) One purpose of rate adequacy is to maintain the solvency of insurers. B) Rates unfairly discriminate if loss exposures that are similar with respect to losses and expenses are charged substantially different rates. C) Insurers know in advance if the coverages marketed will be profitable, so rate regulation is not needed. D) Rates are excessive if policyholders are paying substantially more than the actual value of their protection.