Nadine Is an Account Manager with an Insurance Brokerage Company

question 8

Multiple Choice

Nadine is an account manager with an insurance brokerage company who provides specialized services to K-12 public and private schools as well as churches and non-profit organizations.Which term best describes Nadine's target market?

• A)​institutional market
• B)​government market
• C)​charity market
• D)​commerce market

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Definitions:

Soccer Match

A competitive game of soccer played between two teams, adhering to specific rules and durations as specified by the sport's governing body.

Average Fixed Costs

The fixed costs (expenses that do not change with the level of output) divided by the quantity of output produced. It decreases as output increases.

Output

The total amount of goods or services produced by a business, industry, or economy.

Third Industrial Revolution

The Third Industrial Revolution refers to the period marked by the digital revolution and the use of electronics and information technology to automate production that began in the late 20th century.