Whenever the extra price that a product commands outweighs the cost of achieving the differentiation, ___________ is enhanced.
Fill in the blank(s) with the appropriate word(s).
Answer: Profitability or Profit
Business
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Regarding the demand constraints of the transportation model, the shadow price indicates how much it will cost to ship a marginal container:
a. To a respective destination. b. From a given source. c. From a given source to a respective destination. d. Any of the above
Business
Jan is employed by an insurance company. She reviews applications to determine whether her company should insure the applicant. If insurable, Jan assigns the applicant to a rating category based on the applicant's degree of risk. Jan is a(n)
A) underwriter. B) actuary. C) loss control engineer. D) claims adjustor.
Business