Examlex
What is the difference between personalization and customization.Provide an example of each.
Insurance Premium
The amount of money that an individual or business must pay for an insurance policy.
Financial Risk
The possibility of losing money on an investment or business venture.
Risk-Averse
A characteristic describing individuals or entities that prefer to avoid risks and favor more certain outcomes.
Marginal Utility
The additional satisfaction or utility that a consumer derives from consuming one more unit of a good or service.
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