Which of the following is an advantage of brand loyalty?
A) It reduces the cost of production of goods.
B) It improves product quality and minimizes channel conflict.
C) It decreases switching costs for its loyal customers.
D) It reduces the costs of sales to customers.
D
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Which of the following statements describes a Difference in Conditions (DIC) Policy?
A) It is a type of commercial umbrella liability policy. B) It is an open perils policy that covers perils not insured by basic property insurance contracts. C) It is designed to cover indirect losses for which the insured has direct damage coverage. D) It is used to settle disputes when an insured has more than one insurance policy with differing policy provisions.
A formal communication channel in a company can often serve an informal, social purpose such as containing a classified ad section
Indicate whether the statement is true or false