Companies Exclusively Using Business-To-Consumer (B2C)applications

question 102

Multiple Choice

Companies exclusively using business-to-consumer (B2C) applications:

• A)sell directly to consumers.
• B)rely on physical storefronts for customer interactions.
• C)approach customers through third-party agents.
• D)focus on using personalized physical stores to serve consumers.

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Definitions:

Insurance Companies

Financial institutions that provide coverage against specified losses in exchange for premium payments.

Deductibles

The amount policyholders must pay out of pocket before an insurance company will cover the remaining costs of a claim.

Moral Hazard

The situation where one party is more likely to take risks because they do not bear the full consequences of their actions, often occurring in insurance and finance.

Health Insurance

A form of insurance coverage that pays for medical and surgical expenses incurred by the insured or provides reimbursement for such expenses.