Insurance that compensates for the loss or unavoidable absence of crucial employees in the firm is called ________

There are many different market-perceived needs for products around the world. What is a luxury in one market will be standard in another. Cameras may be bought in the United States, Germany, Japan, and Africa. Consumers in all of these markets will have _______________ for the product; however, the primary function demanded stays the same, the expectation of excellent pictures.

Fill in the blank(s) with the appropriate word(s).

In oligopolistic industries, all firms normally charge the same price. What kind of a pricing method are they said to be following?

What will be an ideal response?