Why are customers often considered the most important sources of new product ideas?
A) Customers are close to the market and can pass along information about problems and new product possibilities.
B) The company can analyze customer questions and complaints to find new products that better solve consumer problems.
C) Customers buy competing new products, take them apart to see how they work, analyze sales, and then decide to purchase.
D) Customers review the sales, costs, and profit projections for a new product to find out whether the product satisfies the company's objectives.
E) Customers estimate the minimum and maximum sales to assess the range of risk.
B
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Which of the following does the covenant of quiet enjoyment promise?
A) The property is reasonably free of loud noises. B) The grantor will defend the grantee's title if it is challenged. C) The property is free of easements and covenants. D) The grantees will own the property as tenants by the entirety.
Which one of the following is false concerning subrogation?
A) It reinforces the principle of indemnity. B) It holds rates below what they would otherwise be. C) It places the burden of loss on one or more responsible parties. D) The insured can never receive any money collected through subrogation.