One type of commercial property insurance excludes perils that are covered by the basic coverages. Some businesses buy this coverage to fill coverage gaps, including flood and earthquake, and to cover property in other countries
This type of insurance is called
A) protection and indemnity insurance.
B) building and personal property coverage form.
C) difference in conditions insurance.
D) builders risk coverage form.
Answer: C
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Which of the following is best characterized by offering a product of acceptable quality that is competitively priced with an emphasis on convenience?
a. a transactional relationship b. a consultative relationship c. a enterprise relationship d. a differentiation strategy e. a niche strategy
Luccia's is a restaurant based in Illinois that exclusively sells Italian food. Luccia's sells the rights to its recipes to a British firm, Clover Trading, which then opens an outlet in London under the Luccia's brand name
Which kind of channel arrangement does Luccia's most likely have with Clover Trading? A) a horizontal marketing system B) a direct marketing system C) an administered vertical marketing system D) a contractual vertical marketing system E) a corporate vertical marketing system