Using ________, a company modifies a basic good or service to meet the needs of a specific individual customer
A) undifferentiated targeting
B) positioning
C) customized marketing
D) mass customization
E) differentiated targeting
D
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A will entirely in the handwriting of the testator is called a ____ will
A) nuncupative B) holographic C) conditional D) temporary
Warren is the president of The Huge Insurance Company. His Vice-President in charge of Finance comes to him one day and says "Warren, our combined ratio for the year is 105%"
Warren replies, "Let's party!" Why isn't Warren upset about the high combined ratio? A) The company probably made enough money on its investments to make up for the underwriting losses. B) The company has actually made a 5% profit on its insurance business. C) The combined ratio really isn't that important... it only measures the combined productivity of all regional offices the company owns. D) The combined ratio is not an important indicator of underwriting results.
During the Depression, about ________ banks failed (about 40% of all commercial banks)
A) 500 B) 1,000 C) 5,000 D) 10,000
A community college has 150 person computers. The probability that any one of them will require repair on a given day is 0.025 . To find the probability that exactly 25 of the computers will require repair, one will use what type of probability distribution?
A. Binomial distribution B. Poisson distribution C. Normal distribution D. None of these choices.