All of the following are characteristics of incremental innovation, except:
a. R&D invention in the lab.
b. extension of existing product or process.
c. firms use standard marketing research tools.
d. product characteristics are well defined.
e. customer pull.
a
Business
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Which of the following provides for an enhanced death benefit on a universal life policy?
A) Option A B) The corridor C) The cost basis D) Option B"
Business
The beneficiary chooses to receive the policy proceeds in the form of monthly income at the rate of $3,000 per month, until principal and interest are exhausted. What settlement option did the beneficiary select?
A. Life-only income B. Interest-only to age 40 C. Fixed period D. Fixed amount
Business