Examlex
When reliable forecasting is impossible,the innovating firm should seek to manage risk through:
Going Rate
The current standard price or wage rate for goods, services, or labor in a particular market or industry.
Insurance Policy
A contract between an insurance company and a policyholder that outlines the terms and conditions under which the insurer agrees to compensate the insured for specific losses.
High Deductible
A health insurance plan feature requiring a higher out-of-pocket payment before insurance coverage begins.
Co-Payments
Fixed amounts paid by an insured person for covered services, in addition to what the insurance covers.
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