The More Unrelated the Business Units, the Greater the Role

question 2

True/False

The more unrelated the business units, the greater the role for the corporate office.

Know the variety of sources from which life insurance can be obtained.

Acknowledge the significance of insurance company ratings in purchase decisions.

Understand the concept and strategic importance of customer relationship management (CRM) in retaining customers and adding value.

Comprehend the principles and applications of value chain analysis in optimizing operational efficiency.

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Definitions:

Human Resources

A business function focused on the management of employee-related processes such as hiring, training, policy implementation, and benefits administration.

Geographic Proximate

The physical closeness or distance of places or entities, influencing interactions and relationships due to location.

Administrative Differences

Variations in the organization, procedures, or policies between different businesses, governments, or institutions.

Liability of Foreignness

The disadvantages or additional costs that firms operating outside their home countries incur, compared to local firms.