The Link Between Payment Histories and Risky Driving Behavior Is

question 29

True/False

The link between payment histories and risky driving behavior is used to price insurance policies.
Multiple Choice

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Definitions:

Diversification

The strategy of entering into new markets or creating new products to spread and reduce risks.

Product-Market Evolution

describes the dynamic changes and development in how a product interacts with its market, including growth, competition, and consumer preferences over time.

Product Development

The process of bringing a new product or improving an existing product to the market through research, design, and marketing.

Market Development

A growth strategy where a business seeks to sell its existing products or services into new markets to attract additional customers.