Market diversification shifts the company's focus to unrelated industries
Indicate whether the statement is true or false
TRUE
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Step costs
A) remain the same within the relevant range B) have an increased fixed component at specified intervals C) increase in direct proportion to increases in output D) none of the answers are correct
Kamal Company incurs both fixed and variable production costs. Assuming that production is within the relevant range, if volume goes up by 20%, then the total costs would ________
A) increase by 20% B) remain the same C) increase by an amount less than 20% D) decrease by 20%
Segmenting, in contrast to combining,
A. usually means settling for a smaller sales potential. B. tries to identify homogeneous submarkets and develop different marketing mixes for each submarket. C. relies more on promotion appeals and minor product differences to create general customer appeal among several submarkets. D. tends to focus more on customer similarities than on differences. E. All these answers are correct.
Which of the following statements about the entire contract clause is true?
A) It allows the insurer to change the policy terms without the insured's consent. B) It specifies that all statements in the application are considered warranties. C) It specifies that the life insurance policy and the attached application constitute the complete agreement between the parties. D) It prevents the insurance company from contesting a policy after it has been in force for two years during the lifetime of the insured.