All of the following statements about risk retention are true EXCEPT
A) It may be used intentionally if commercial insurance is unavailable.
B) It may be used passively because of ignorance.
C) Its use is most appropriate for low-frequency, high-severity types of risks.
D) Its use results in cost savings if losses are less than the cost of insurance.
Answer: C
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In the second phase of the international planning processing, the results of the analysis frequently indicated that the marketing mix would require such a drastic adaptation that a decision not to enter a particular market is made.
a. true b. false
To increase the sales representatives' product knowledge, the sales director arranges for each of them to rotate through the product development department for a month to understand the way the chemicals are developed
What is another department they should rotate through to gain more product knowledge that will help them configure the right mix of products for customers? A) customer service, so that they can learn how the chemicals are implemented and used by the customer B) logistics, so that they can understand how the products are delivered C) billing, so that they understand the problems that arise when customers do not pay promptly D) warehousing, so they can understand exactly how much room the chemicals take up in storage E) human resources, so they can understand what characteristics a successful salesperson should have