Which of the Following Is True About Pure No-Fault Insurance

question 30

Multiple Choice

Which of the following is true about pure no-fault insurance?

• A)No one is deemed to be at fault when an accident occurs.
• B)You cannot sue the at-fault driver for pain and suffering and economic loss.
• C)It is the most cost effective insurance because there are no legal expenses.
• D)The dollar value of accident benefits is much lower.

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Definitions:

Value-based Marketing

A strategic approach that focuses on delivering products and services based on the perceived value to the customer rather than solely on price.

Retailing-oriented Era

A period in business history when the focus shifted towards strategies that prioritize selling goods directly to consumers through various retail channels.

Customer's Perspective

A view or opinion held by consumers about a product, service, or brand, based on their personal experiences and expectations.

Value

The perceived benefit or satisfaction that a consumer receives from a product or service in relation to its cost.