Once It Has Paid Out on the Loss, an Insurance

question 56

True/False

Once it has paid out on the loss, an insurance company can step into the shoes of the insured and pursue a claim against the person who caused the loss.

Understand different closing techniques in sales and their applicability.

Recognize the ethical considerations in closing sales.

Identify and interpret buying signals during the sales process.

Master the timing for attempting a close in a sales conversation.

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Definitions:

Demand

The amount of a good or service that consumers are willing and able to buy at a given price over a specified period.

Cross-Price Elasticity

A measure of how the demand for one product changes in response to a price change of another product.

Cereal

Grasses cultivated for the edible components of their grain, consisting of the endosperm, germ, and bran; also a common breakfast food made from processed grain.

Milk

A nutrient-rich liquid food produced by the mammary glands of mammals, commonly consumed by humans and used in a variety of dairy products.