Collateral
This term refers to an asset pledged by a borrower to secure a loan.
What is collateral?
This is the regular payment made to keep an insurance policy active.
What is a premium?
This third-party neutral helps employees resolve conflicts without taking sides.
Answer: What is a mediator?
This type of linkage occurs when a business uses the output of another local business as its input.
What is a backward linkage?
This type of research helps businesses understand customer needs and preferences.
What is Market Research?
When a borrower defaults, the lender may do this with the collateral.
What is seize or repossess it?
This type of insurance protects against damage to or loss of property.
What is property insuranc
This action is taken by workers when they stop working to pressure employers.
What is a strike?
These are the four factors of production.
What are land, labour, capital, and entrepreneurship?
This pricing strategy sets prices lower than competitors to attract customers.
What is penetration pricing?
This type of loan does not require collateral.
What is an unsecured loan?
This principle states that the insured must suffer a financial loss to make a valid claim.
What is insurable interest?
This process is often used in employment or family disputes and is typically less formal than arbitration.
What is conciliation?
A company exporting finished cocoa products instead of raw cocoa beans is an example of this kind of linkage strategy.
What is a forward linkage?
The specific group of customers a business aims to serve.
What is a target market?
Collateral is usually required for this type of financial transaction.
What is a loan?
This principle ensures that you cannot profit from insurance, only be restored to your position before the loss.
what is Indemnity?
Unlike mediation, arbitration usually results in this.
What is a binding decision (or award)?
This type of production involves providing intangible outputs.
What is tertiary production?
When a product is introduced to the market, promoted, matures, and eventually declines, it goes through this.
What is the product life cycle?