Describe the Major Distinguishing Feature Between Automobile Insurance Systems from Province

question 51

Essay

Describe the major distinguishing feature between automobile insurance systems from province to province and explain the major difference between the insurance systems.

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Definitions:

Buy Classes

Consist of three types of organizational buying situations: straight rebuy, new buy, and modified rebuy.

Organizational Buying

The process by which businesses and institutions purchase products or services for use in the operations, production, or reselling.

Buying Situations

Various contexts or scenarios in which purchasing decisions are made, influenced by factors like need, urgency, availability, and personal preferences.

Straight Rebuy

A purchasing situation in business-to-business markets where a buyer reorders a product or service without seeking additional information or considering other suppliers.