A difference between a contract issued on a "named peril" basis versus an "open peril" or "all-risk" basis is:
A) the "named peril" contract usually covers more perils
B) the "named peril" contract is usually more expensive than the "open peril" contract
C) in the "named peril" contract the insured must prove the peril is covered where in the "open peril" contract the burden of proof is on the insurer to show no coverage
D) in the "open peril" or "all risk" contract there are no exclusions to loss
C
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The trade war between China & USA over the last 4 years has become a matter of serious concern for the two giant e Commerce companies (Amazon and Alibaba). Which of the PESTEL criteria does the situation fall under for both these companies:
A) Economic. B) Political. C) Ecological. D) Sociocultural
Brand equity is the perception that most brands within a product category are relatively similar or have no distinct differences
Indicate whether the statement is true or false