What’s the first form an applicant must complete before taking an insurance policy?
Cover note
advice note
proposal form
certificate of insurance
Correct answer is C
A proposal form is the form completed by the proposer when applying for insurance, proposal forms are completed online or over the phone.
this is the first form to be filled by intending insured
Goods and services are made available to consumers through
The advertising agency
Sales promotion
The channel of distribution
The middle men
Correct answer is C
Channel of distribution is a chain of businesses or intermediaries through which a good or service passes until it reaches the end consumer. It can include wholesalers, retailers, distributors, and even the internet
A distribution channel is the path through which products pass to get from the producer to the consumer
The internet is a system of telecommunication used for
The internet is a system of telecommunication used for providing a variety of information and communication facilities,
Communicating long distance messages
Sending and receiving text messages
Communicating messages through telegrams
Correct answer is A
The internet is a globally connected network system that uses TCP/IP to transmit data via various types of media, a global computer network providing a variety of information and communication facilities, consisting of interconnected networks using standardized communication protocols.
The satisfaction of consumer is best explained by
Product mix
Marketing concept
marketing mix
market segmentation
Correct answer is B
The marketing concept is the philosophy that firms should analyze the needs of their customers and then make decisions to satisfy those needs, better than the competition.
The marketing concept is the strategy that firms implement to satisfy customer’s needs, increase sales, maximize profit and beat the competition.
Balance of payment consist of ----------- and ---------- items
Credit and loss
visible and non-visible
valid and invalid
income and expenditure
Correct answer is B
The balance of payments is a summary of all monetary transactions between a country and rest of the world. These transactions are made by individuals, firms and government bodies. Thus the balance of payments includes all external visible and non-visible transactions of a country.