What Is the Core Purpose of Buying Insurance

question 71

Multiple Choice

What is the core purpose of buying insurance?

• A) Protect your wealth and assets
• B) Make sure you make money on any claim
• C) Insurance is an expense a careful investor needs to minimize
• D) Make sure you leave an estate when you are gone

Acknowledge the role of intermediaries and different intermediation revenue models.

Learn the concept and examples of freemium and loss-leader pricing as customer attraction strategies.

Identify the differences between a business model and a revenue model.

Understand how bundled pricing and other pricing models can serve as competitive strategies.

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Definitions:

Vitamins

Organic compounds that are essential in small quantities for the body's normal growth and activity.

Diet

The kinds of food that a person, animal, or community habitually eats, often tailored for health, religious, ethical, or weight-control reasons.

Minerals

Naturally occurring inorganic substances with a definite chemical composition and crystalline structure, essential for human health.