Examlex

Solved

Which of the Following Is Consulted in Determining What Premium

question 2

Multiple Choice

Which of the following is consulted in determining what premium should be paid on a policy?


Definitions:

Important Factors

Important factors refer to the critical elements or aspects that significantly influence the outcome or success of a situation, project, or analysis.

Target Return

The desired profit or yield that an investor aims to achieve on an investment over a specific period.

Pricing Strategy

A plan or approach used by businesses to set prices for their products or services, aiming to achieve maximum profitability.

Sales Orientation

A business approach that focuses primarily on the sale of products or services, rather than understanding and meeting the needs of the customers.

Related Questions