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Low-Cost Strategies Can Be Used for Products, but Not for Services

question 19

True/False

Low-cost strategies can be used for products, but not for services.


Definitions:

Liability Coverage

Insurance protection against claims resulting from injuries and damage to people and/or property.

Insured

A person or entity covered under an insurance policy to receive compensation for losses or damages.

Insurable Interest

The stake in the value of an item, life, or event for which an insurance policy is purchased to mitigate the risk of loss.

Creditor

An individual or entity to whom money is owed by a debtor.

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