Tangible products - Study guides, Class notes & Summaries

RMI 2302 FSU NYCE EXAM 1 Questions And Answers (Verified And Updated) Risk Likelihood - answerFrequency - the probability that a loss can occur. What 3 ways can Risk Likelihood be categorized - answerHigh - an event is expected to happen in most circumstances Medium - an even will probably happen in many circumstances Low - an event may occur at some point Risk Impact - answerSeverity - the potential effect that a loss could have if it arises. Risk prevention methods are best applied to ...

Insurance - Transfer of risk from one person or organization to an insurance company Indemnity - The principle to restore the insured to the pre-loss economic or financial condition. Law of Large numbers - Mathematical principle used by insurers to predict losses to charge the appropriate premiums Insurable Interest - Proof that someone stands to lose financially if a loss occurs; must exist at the time of the loss in property and casualty insurance Binder - Temporary insurance contr...

RMI 2302 FSU NYCE EXAM 1 Questions And Answers (Verified And Updated) Risk Likelihood - answerFrequency - the probability that a loss can occur. What 3 ways can Risk Likelihood be categorized - answerHigh - an event is expected to happen in most circumstances Medium - an even will probably happen in many circumstances Low - an event may occur at some point Risk Impact - answerSeverity - the potential effect that a loss could have if it arises. Risk prevention methods are best applied to ...

Revenue Management Final Exam | Latest 2023 with complete solution What is the industry term used to describe the sum of prices paid by a business's customers? - Total Revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Profit = Sales - Costs What is the name for the net value achieved by both parties in a business transaction? - Profit What elem...

ETS MFT BUSINESS EXAM The principal difference between variable costing and absorption costing centers on: a) whether variable manufacturing costs should be included as product costs b) whether fixed manufacturing costs should be included as product costs c) whether fixed manufacturing costs and fixed selling and administrative costs should be included as product costs d) none of these. General Bikes is debating which marketing research options to employ. The traditional p...

BUS 6600 Bookout Final Exam Questions With Revised Answers Businesses collect ______ information on where people live, what they buy, and how they spend their time - answerdemographic Efficiency means: - answerproducing goods and services using the least amount of resources When corruption is present in the business environment: - answercompany leaders may threaten competitors and minimize competition Businesses favor ______ government spending because it keeps taxes to a minimum - answe...

CIPS L4M1 - Question & Answer Past Exam 100% CorrectCIPS L4M1 - Question & Answer Past Exam 100% CorrectCIPS L4M1 - Question & Answer Past Exam 100% CorrectCIPS L4M1 - Question & Answer Past Exam 100% Correct O1. Outline FIVE differences between purchasing goods and purchasing services. - ANSWER-1. Goods are tangible, services are intangible: 2. Services cannot be separated from their supplier: 3. Heterogeneity: goods are usually uniform in nature while services are unique at each delivery 4...

Order of Washing dishes: correct answers Wash, rinse, sanitize What will help get the red stain out of a cashmere shirt? correct answers Alkaline Fat measuring method correct answers Electrical current Intangible Resources correct answers Cannot be touched - integrity, confidence, literacy Human Resources correct answers Skills, talents, and abilities that people possess Tangible Resources correct answers Real, touchable, concrete, able to appraised - jewelry, land, houses Mate...

BA 303 Exam #2 Practice Questions and Answers 100% Pass Product - Correct Answer ️️ -The set of features, functions, and benefits that customers purchase. May consist of a combination of tangible and intangible attributes. Marketers think in terms of planning product on three levels: - Correct Answer ️️ -- Core Product -Tangible Product -Augmented Product Core Product - Correct Answer ️️ -The primary purpose of the product. Why the customer buys it (ex. Pen for writing). Tan...

Course Careers Exam | Questions and Verified Answers | 100% Correct | Grade A (2024 / 2025 Update) Q: What is the formula for predicting sales? Efficiency + Performance = Effectiveness Efficiency + Effectiveness = Performance Effectiveness + Performance = Efficiency Answer: Efficiency + Effectiveness = Performance Q: Who are you calling with your direct cold call outreach? Someone above or horizontal to your ideal buyer persona Someone below your ideal buyer persona Someone who is your ideal buy...