The company designs what it considers to be a good product, totals the expenses of making the product, and sets a price that adds a standard markup to the cost of the product. This approach to pricing is called ________

All of the following are examples of insurable title defects except:

a. forged documents b. undisclosed heirs c. mental incompetence d. unrecorded easements

List and briefly describe the components of the value chain that service companies can use to attempt to differentiate themselves from the competition

What will be an ideal response?