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Lilly Summer Exam Year 2 SCIENCE BUSINESS GEOGRAPHY > EXAM > Flashcards

EXAM Flashcards

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1
Q

No claims bonus

A

In car insurance you get a discount if you do not claim for any actions the previous year

It encourages people to not claim for small amounts

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2
Q

Premium

A

The cost of insurance
The higher the risk the higher the premium

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3
Q

Loading

A

Extra premium for higher risk

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4
Q

marketing competition

A

the rivalry between existing companies, services or products that exists within a specific market.

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Lilly Summer Exam Year 2 SCIENCE BUSINESS GEOGRAPHY (50 decks)

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