In an insurer death spiral only people who do not really need insurance purchase it
Indicate whether the statement is true or false
FALSE
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Briefly describe each step in the consumer decision-making process
What will be an ideal response?
An advantage of administrative agencies is that they:
a. relieve legislatures from trying to create legislation that deals with every detail of a specific problem. b. can be specialized bodies staffed by individuals with expertise in the regulated field. c. can be concerned about compliance with constitutional mandates since they perform powers of all three branches of government. d. All of these.
When a LAN switch is used, the resulting topology is
a. star network b. mesh network c. bus network d. ring network
Which of the following is not a strategic disadvantage of vertical integration?
A) Vertical integration boosts a firm's capital investment in the industry, thus increasing business risk if the industry becomes unattractive later. B) Integrating backward into parts and components manufacture can impair a company's operating flexibility when it comes to changing out the use of certain parts and components. C) Vertical integration limits a company's ability to achieve greater product differentiation and to exercise direct control over the costs of performing value chain activities. D) Forward or backward integration often calls for radically different skills and business capabilities than the firm possesses. E) Vertical integration poses all kinds of capacity-matching problems.