The Exclusion of Flood in a Homeowners Policy Is an Example

question 19

Multiple Choice

The exclusion of flood in a homeowners policy is an example of an

• A)excluded activity.
• B)excluded condition.
• C)excluded property.
• D)excluded peril.

---

Definitions:

Inertia

A tendency to do nothing or remain unchanged, often leading to stagnation.

Marketplace

A venue where buyers and sellers interact to exchange goods, services, or information.

Generic Competitive Strategies

Broad approaches to competitive advantage that companies can apply across industries, often categorized into cost leadership, differentiation, and focus strategies.

Lowering Costs

Strategies or actions taken to reduce expenses and increase profitability within a business.