The Fixed Dollar Amount a Subscriber Must Pay or "Meet

question 65

Multiple Choice

The fixed dollar amount a subscriber must pay or "meet" each year before the insurer begins to cover expenses is the ____.

• A) copayment
• B) premium
• C) coinsurance
• D) capitation
• E) deductible

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Definitions:

Just-in-time Delivery

A supply chain management strategy aimed at reducing inventory costs by receiving goods only as they are needed in the production process.

Extreme Value Offers

Promotions or sales offering products or services at exceptionally low prices, often to attract a significant number of customers or clear out inventory.

Merchandise And Services

encompasses the goods that are sold and the activities performed for customers as part of business operations.

Target Market

A specific group of consumers identified as the intended recipients of a product, service, or marketing campaign.