Examlex
Which of these channels reduces the communicator's ability to control the message?
Adverse Selection
A situation in insurance and finance where those with higher risks are more likely to seek insurance or loans, leading to an imbalanced pool that can raise costs for insurers or lenders.
High-Quality Used Car
A pre-owned vehicle that has been maintained well and often includes features of newer models, indicating low mileage and minimal wear.
Warranty
A guarantee provided by a seller or manufacturer concerning the condition of a product and the promise of repair or replacement within a specified period.
Deductible
The amount an insured individual must pay out of pocket before an insurance company pays a claim.
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