Examlex
In the case of an insurance policy,________ occurs when the existence of insurance encourages the insured party to take risks that increase the likelihood of an insurance payoff; ________ occurs when those most likely to get large insurance payoffs are the ones who want to purchase insurance the most.
Service Station
A facility dedicated to the sale of gasoline and often providing maintenance and repair services for vehicles.
Customer Value
The satisfaction a customer derives from a product or service in comparison to its cost, influencing loyalty and purchase decisions.
Product
Any item or service offered for sale or use, often as a result of a manufacturing or production process.
Utility
A term in economics referring to the total satisfaction received from consuming a good or service.
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