Differentiate between a general consumer agency and a business-to-business agency.

What will be an ideal response?


Full-service agencies may specialize in certain kinds of clients. Most, though, can be classified as either general consumer agencies or business-to-business agencies. General consumer agency is an agency that represents the widest variety of accounts, but it concentrates on companies that make goods purchased chiefly by consumers. Most of the ads are placed in consumer media that pay a commission to the agency. Business-to-business agency represents clients that market products to other businesses. Most B2B advertising is placed in trade magazines or other business publications.

Business

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A SWOT analysis is an internal assessment of assets and limitations of a company and it excludes any external influencing factors from its purview

Indicate whether the statement is true or false

Business

The goal of a persuasive message is to convert the receiver to your ideas and motivate ________

Fill in the blank(s) with correct word

Business

Which of the following terms indicates homeowners' insurance for which it is the obligation of the insurer to show that the loss was not excluded by a specific exemption?

A) Named perils coverage B) Specific perils coverage C) General risks coverage D) All risks coverage

Business

The internal rate of return (IRR) is the rate of return, based on discounted cash flows, of a capital investment

Indicate whether the statement is true or false

Business