What is the primary purpose of a rating service company such as A.M Best?
A) Determine which insurer offers the best rates
B) Determine which insurer offers the best policies
C) Determine financial strength of an insurance company
D) Determine which agent to use locally
Ans: C) Determine financial strength of an insurance company
Business
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The balance sheet shows whether or not a business is earning profits
Indicate whether the statement is true or false
Business
Which of the following is a marketing advantage of strong brands?
A) no vulnerability to marketing crises B) more elastic consumer response to price increases C) guaranteed profits D) additional brand extension opportunities E) more inelastic consumer response to price decreases
Business