Insurance is a protection against risk. Insurance provides backup or security to anything you want to get. There are many companies that provide insurance on almost everything. Companies charge some amount in order to provide insurances and customers pay it to get security.
JC Business Studies5,447 followers10 questions43 posts
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JC Business Studies
Insurance is protection against an event that may or may not occur. Eg. I will insure my car, as there is a chance that I could get into an accident.
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JC Business Studies
- Market research involves gathering, recording and analysing information about a market.
The information gathered during market research could include:
- How much the consumer would be willing to pay for the new product or service.
- What they like or what they do not like about the new product or service.
- What products or services they consumer currently uses.
The information that is gathered during market research helps a business to improve its product or service to meet consumer needs and wants. This means that the product or service has a good chance of selling well.
There are 2 types of market... (More)
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JC Business Studies
Visible trade, in economics, exchange of physically tangible goods between countries, involving the export, import, and re-export of goods at various stages of production. It is distinguished from invisible trade, which involves the export and import of physically intangible items such as services.
