Match the Term with Its Definition

question 68

Multiple Choice

Match the term with its definition.
-Coverage primarily against employee dishonesty

• A)automobile insurance
• B)coinsurance clause
• C)crime insurance
• D)design defect
• E)manufacturing defect
• F)marketing defect
• G)noneconomic damages
• H)personal property
• I)punitive damages

---

Definitions:

Barrier To Entry

Factors that prevent or hinder new competitors from easily entering an industry or area of business.

Advertising

The task or career of generating marketing materials for business products or offerings.

Marginal Cost

The additional cost incurred to produce one more unit of a good or service, critical for decisions on production levels.

Marginal Revenue

The additional income that is generated by selling one more unit of a good or service.