Describe the three strategies that are necessary for a market leader to accomplish to stay on top
What will be an ideal response?
The three primary strategies that may be used by the market leader are:
1. expanding the total market by attracting new customers and by stimulating more usage of product
2. defending market share
3. expanding market share
Business
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Which one of the following must be licensed as an insurance producer?
A) Anyone involved solely with the enrollment of individuals under group insurance policies. B) An employee involved in underwriting who does not receive commissions. C) Applicant for a temporary license. D) Those who solicit only sickness and accident and health insurance.
Business
Capital budgeting decisions are typically long-term decisions
Indicate whether the statement is true or false.
Business