Answer:
Premium is likely to be $180.00
Explanation:
Two players have 40% chance of slipping
Equally,two players have 20% chance of slipping
bruise cost per slip is $150
Premium=40% chance of slipping*bruise cost*2 players +20% chance of slipping*bruise cost*2 players
Premium=40%*$150*2+20%*$150*2
Premium=0.4*$150*2+0.2*$150*2
premium=$60*2+$30*2
premium=$120+$60
premium=$180.00
If the insurance company offers bruise insurance to the players ,the premium is likely to be in the region of $180.00
Answer: B. Competitors
Explanation: Competitors refers to people of different individuals who are in pursuit of a common goal. In business, competition usually occurs among companies who produce or manufacturethe similar products, offer similar services and share the same target market.
In the scenario above, Hike and Loiters produce similar products in shoes, share the same consumers and offer similar incentive and prices. This factors combine to make Hike and Loiters competitors.
Answer:
A. under the minimum contracts test.
Explanation:
Minimum contract test is a procedure that a court could do in order to determine a jurisdiction for a certain case. This most likely done when one of the party resided in a different state.
In Most business transactions, minimum contracts tend to favor the sellers/producers' state as the main jurisdiction. (In this case, Alabama)
This happen because one producer can to sell their products to customers nationwide. This made the producers became a potential target of lawsuits from people in different states. Since It is almost impossible for that one company to cater to the law of different state, the company's location tend to be favored as the jurisdiction.
Answer
The answer and procedures of the exercise are attached three images. The maximum profit is 262.500
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in three images.
