_____ Can Be Used to Improve the Value That the Business

question 20

Multiple Choice

_____ can be used to improve the value that the business provides to its customers by working with the customers.

• A) Cost reduction strategies
• B) Downstream strategies
• C) Upstream strategies
• D) Purchasing strategies

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Definitions:

Insurance Policy

A contract between an insurer and the insured, outlining the terms for coverage of specific risks in exchange for premiums.

Antilapse Clause

A provision in a will or estate plan that allows for the substitution of beneficiaries in the event the original beneficiary predeceases the testator.

Insurance Policy

A contract between an insurer and a policyholder that specifies the terms under which the insurer agrees to pay for losses or damages to the insured.

Arbitration Clause

An arbitration clause is a section in a contract that requires the parties to resolve disputes through arbitration instead of going to court.