Discussion and recommendation in health insurance industry.
1) Building long-term relationship with clients
2) Providing personal touch service to foster trust
3) The relationship between customer satisfaction and trust
Answers
In the health insurance industry, building long-term relationships with clients is crucial for success. Establishing strong and lasting connections with policyholders not only helps retain customers but also fosters loyalty and trust.
By maintaining open lines of communication, addressing concerns promptly, and providing personalized service, insurance providers can enhance their relationships with clients. This can be achieved through regular check-ins, personalized policy recommendations, and proactive customer support.
Additionally, providing a personal touch in service delivery is vital. Health insurance is a sensitive and personal matter for individuals and families. By offering personalized assistance, empathetic customer support, and tailored solutions, insurance companies can demonstrate their commitment to their clients' well-being. This personalization can involve personalized health and wellness programs, dedicated customer service representatives, and easy access to information through digital platforms.
The relationship between customer satisfaction and trust is interconnected. When customers are satisfied with their insurance coverage and the services provided, they are more likely to trust their insurance provider. Trust is built over time through consistent positive experiences, transparency in policy terms, prompt claims processing, and fair pricing. Insurance companies should focus on understanding their customers' needs, addressing their concerns promptly, and delivering on their promises to enhance customer satisfaction and foster trust.
In conclusion, in the health insurance industry, building long-term relationships with clients, providing personalized service, and recognizing the strong relationship between customer satisfaction and trust are vital for success. By prioritizing these factors, insurance companies can differentiate themselves in a competitive market, retain customers, and build a positive reputation in the industry.
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Related Questions
At what age can you start working?
Answers
Answer:
Explanation:
depends on where you live
Explanation:
It really depends on the jobs and requirements but you can USUALLY do small work like walking a dog or babysitting at 13-14
Do you think that employers have to motivate each generation in the workplace differently? Motivate your answer. 10 marks
Answers
Yes, employers have to motivate each generation in the workplace differently because each generation has different values, attitudes, and expectations that affect their work style and motivation. The motivation factors of each generation are shaped by their life experiences, social influences, and technological advancements that have occurred during their formative years.
For example, Baby Boomers (born between 1946 and 1964) value job security, promotions, and recognition for hard work. They believe in working hard and being loyal to their employers. Millennials (born between 1981 and 1996), on the other hand, value work-life balance, flexible work arrangements, and opportunities for personal growth and development. They want their work to be meaningful and aligned with their values.
Generation Z (born between 1997 and 2012) values work-life balance, technological advancements, and social responsibility. They prefer to work in a team environment and want to be recognized for their contributions. Thus, employers need to tailor their motivational strategies based on the generation they are targeting.
To motivate Baby Boomers, employers can offer job security, promotions, bonuses, and recognition for hard work. They can also provide opportunities for personal growth and development. For Millennials, employers can offer flexible work arrangements, work-life balance, opportunities for personal growth and development, and a sense of purpose.
For Generation Z, employers can offer work-life balance, opportunities to work with advanced technology, social responsibility, recognition for contributions, and a team-based environment. Therefore, to motivate different generations, employers have to adapt to the changing needs and preferences of each generation.
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A(n) blank______ market is created when a customs union lifts restrictions on the mobility of services, labor, and capital among member nations.
Answers
A(n) blank common market is created when a customs union lifts restrictions on the mobility of services, labor, and capital among member nations.
What are common markets?
A common market is a formal agreement where a group is formed amongst several countries that adopt a common external tariff. In a common market, countries also allow free trade and free movement of labor and capital among the members of the group.
What is the difference between common market and single market?
A common market is usually referred to as the primary stage towards the creation of a common market. It usually is built upon a free trade area with no tariffs for goods and similar free movements of capital, workers and services, but not so advanced in decrease of other trade barriers.
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What is a negative externality
Answers
Answer:
exists when a production or consumption of a product results in a coast of third party
For economics class the answer is : Negative externalities occur when the social cost of a good or service is higher than the private cost.
:)
which rule explains variation in employee conduct through generalizing on the percentage of employees in any given organization who will seek to do right versus how many will be indifferent? question 10 options: 10-30-40-20 20-30-30-20 40-10-10-40 10-40-40-10 80-20
Answers
The rule that explains variation in employee conduct through generalizing on the percentage of employees in any given organization who will seek to do right versus how many will be indifferent is the "20-30-50 rule."
This rule suggests that in any given organization, about 20% of employees will consistently do the right thing, 30% will be indifferent and will do what is required of them, and 50% will be influenced by the prevailing culture and the actions of those around them.
This rule helps organizations to understand that creating a positive culture and promoting ethical behavior can have a significant impact on the behavior of the majority of employees.
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A coffee company decides to add some new flavors to its current house blend. How did this company change their product mix? Developing a new product Line extension Deleting a product Product modification
Answers
Product development focuses on bringing new products to a market that already exists. Entering a new market with entirely new products is known as diversification.
What is the main objective of diversification?By distributing investments among different financial instruments, industries, and other categories, diversification is a technique for lowering risk. It aims to maximize return by investing in various sectors that ought to respond to changes in market conditions differently.
Product diversification is a strategy used by a company to boost profitability and achieve higher sales volume from new products. Diversification can take place at the corporate level or at the business level. When a company enters a new industry that bears significant similarities to one or more of its current industries, related diversification takes place. Disney's acquisition of ABC illustrates related diversification because movies and television are both forms of entertainment.
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an owner's cost basis for a non-qualified deferred annuity is typically the same as the
Answers
The owner's cost basis for a non-qualified deferred annuity is typically the same as the total amount of after-tax contributions made to the annuity contract.
An owner's cost basis for a non-qualified deferred annuity is typically the amount of after-tax premiums paid into the annuity. This is because non-qualified deferred annuities are funded with after-tax dollars, meaning the contributions have already been taxed before they are invested into the annuity. The cost basis is used to determine the taxable amount of any withdrawals or distributions taken from the annuity. If the owner takes a withdrawal or distribution from the annuity that exceeds their cost basis, then the excess amount is subject to income tax.
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Which of the following strategies can a country use to keep its products inexpensive for consumers in the U.S.?
A.
Raising its interest rates
B.
Keeping its interest rates low
C.
Increasing its exports
D.
Avoiding debt
Please select the best answer from the choices provided
Answers
Answer:
Keeping its interest rates low
Explanation:
Interest rates correlate with the exchange rate of a country. Low-interest rates are unattractive to foreign investors. Investors associate low-interest rates with reduced returns. In the foreign exchange market, the demand for such a country's currency will below, resulting in a lower exchange rate against other currencies.
If a country has low-interest rates, its currency will be in low demand, meaning its strength will be relatively weaker against the US dollar. One dollar will be able to buy a large quantity of goods and services from such a country. In other words, that country's exports will be cheaper in the USA.
Answer: B
Explanation:
trust
What is the definition of hangry my friend keeps saying it but i dont understand
Answers
Answer:
hangry is when you feel hungry and angry at the same time
Explanation:
basically, your angry because of the fact that your hungry
If you apply for a store credit card, how do they determine whether to approve you - or turn you down - on the spot
Answers
The way through which a store credit card can determine whether to approve the credit card request - or turn you down - on the spot is:
They check your credit historyAccording to the given question, we are asked to show the way through which a store credit card can determine whether to approve the credit card request - or turn you down - on the spot
As a result of this, we can see that every individual has a credit history which enables credit card companies to determine their credit worthiness so that they would determine if you are eligible for a credit card loan.
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Using ABC product cost information when considering reducing cost, which of the following would be recommended?
a.Using an activity-based approach with multiple overhead allocation rates
b.Switching to a plantwide allocation rate
c.Improving operations so that the activity-base usage per unit is increased
d.Improving operations so that the raw material usage per unit is eliminated
Answers
When considering cost reduction using ABC (Activity-Based Costing) product cost information, it would be recommended to use an activity-based approach with multiple overhead allocation rates.
ABC is a cost accounting method that allocates overhead costs to products or services based on the activities that drive those costs. It provides a more accurate and detailed understanding of cost drivers and their relationship to activities. Using an activity-based approach with multiple overhead allocation rates allows for a more precise allocation of costs to products or services.
By identifying different cost drivers and assigning specific overhead rates to each activity, costs can be allocated more accurately based on the actual consumption of resources. Switching to a plantwide allocation rate, as mentioned in option b, would not be recommended as it applies a single overhead rate to all products or services.
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Every high performing healthcare organization includes the characteristics below except: a. high employee satisfaction b. strong earnings c. high quality of care d. advanced health information technology
Answers
The characteristic that is typically not included in high performing healthcare organizations is b. strong earnings.
While strong financial performance is important for healthcare organizations, it is not necessarily a defining characteristic of a high performing organization. High performing healthcare organizations prioritize other factors such as patient outcomes, quality of care, patient satisfaction, and efficiency in healthcare delivery.
The other characteristics listed, namely a. high employee satisfaction, c. high quality of care, and d. advanced health information technology, are often considered crucial elements of high performing healthcare organizations. Employee satisfaction contributes to a positive work environment and can lead to better patient care. High quality of care ensures positive patient outcomes and improved patient satisfaction. Advanced health information technology enables efficient data management, streamlined processes, and improved communication, all of which contribute to better care delivery.
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Select the correct answer.
George, the market analyst of his company, will be calculating the company's sales forecast for the next month (May). He has decided to use the moving averages method of sales forecasting to complete his task. The sales for the last four months are $30,000 (April). $35,000 (March), $25,000 (February), and $30,000 (January). If George uses the formula to calculate moving averages, what sales forecast figure will he arrive at?
a.25000
b.30000
c.20000
d.35000
Answers
Answer:
b.30000
Explanation:
The moving average follows the trend of data to forecast the next value.
the formula applicable in moving average is = (n1 + n2 + n3 + ...) / n
For George, the moving average will be
=$30,000 + $35,000 +$25,000 + $30,000/4
=$120,000/4
=$30,000
which part of our body is affected by plogue pose?
Answers
Answer:
spine and shoulders are affected
The spine and the shoulders of our body part are mostly affectd by the plogue pose. It stretches our body muscles.
Plow PoseIt is a stretching exercise which keeps your body fit and flexible.
Doing stretching exercise regularly benefits the body mucles and tendons.
The plow pose is a stretching exercise where one positions his/her body upside down and keeps their feet bend over the head.
This pose affects our spine and also our shoulders.
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Why is Feeney called a hero/saint?
Answers
Answer:
In 1982, he decided he would commit to giving away his billions during his lifetime. He is broke now. Gave away and donated over $8million. His motto was "giving while living "
Explanation:
Mention any there objectives of Accounting
Answers
Answer:
objectives of accounting in any business are:-
systematically record transactions sort and analysing them, prepare financial statements position, and aid in decision making with financial data and information about the business.
hope it is helpful....
anyone help? :(
its below
Answers
For every C or lower you earn on your report card, your parents make you give up one of your fun nights out per week. This is an example of
a.) neither a positive nor a negative incentive
b.) a negative incentive
c.) a positive incentive
d.) both a positive and a negative incentive
Answers
Answer:
B.) a negative incentive
Explanation:
A negative incentive is penalties that discourage a certain type of behavior. Therefore, if you earn C's or anything below that, your parents will force you to give up one of your fun nights out each week.
If parents make you give up one of your fun nights out per week for every C or below on your report card. This is an illustration of negative incentive.
What is negative incentive?Negative incentive measures, often known as disincentives, are methods that are used to prevent actions that affect biodiversity. User fees and pollution levies are examples of disincentives.
A negative incentive is penalties that discourage a certain type of behavior. Therefore, if you earn C's or anything below that, the parents will force giving up one of your fun nights out each week.
Therefore, option b is correct.
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or placing trade restrictions on other countries to shield domestic industries from
competition, takes many forms.
are taxes imposed on imported goods and services.
place limits on the amount of a good that can be imported from a particular country.
Early in the twentieth century, the United States imposed
Y agricultural
goods. While this measure protected US farmers, it caused European governments to impose
tariffs
on US products. Heavy tariffs on imports led to a drastic decline in international trade, which further weakened the
global economy and aggravated the Depression.
Today, some US workers believe the government should
protectionism to protect their industries from
foreign competition and prevent job
in the United States. This thought is shared by
some business owners as well.
Answers
Answer: protectionism, tariffs, quotas, tariffs, European,
retaliatory, increase, cheaper, losses
Explanation: Plato / Edmentum
michelle works in retail and cant decide what products to include in the stores front window display what is the first step she should take to solve this problem
Answers
Michelle works in retail and can't decide what products to include in the store's front window display. What is the first step she should take to solve this problem?
A. List the options.
B. Evaluate the decision/choice.
C. State the problem.
D. Determine the pros and cons.
Answer:
C. State the problem.
Explanation:
To start with, Michelle must remember why he wants to put the product on the front window display. Next, he has to remember what he gains from displaying the products which are to advertise to potential customers.By stating this problem, Michelle now knows what products to include in the front window display because he can now sort the products that are likely to attract customers and display them.Ovih, Inc. has preferred stock with a price of $20.00 and a dividend of $1,50 per year. What is its dividend yield? CO The dividerid yield is (Round to one decimal place)
Answers
Ovih, Inc.'s preferred stock dividend yield is calculated to be 7.5%
To calculate the dividend yield for Ovih, Inc.'s preferred stock, you can use the following formula:
Dividend Yield = (Annual Dividend per Share / Stock Price) * 100
In this case, the annual dividend per share is $1.50, and the stock price is $20.00. Plugging these values into the formula:
Dividend Yield = ($1.50 / $20.00) * 100
Dividend Yield = 0.075 * 100
Dividend Yield = 7.5%
So, the dividend yield for Ovih, Inc.'s preferred stock is 7.5% (rounded to one decimal place).
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Kileau Corp., a calendar tax-year S corporation, terminated its S corporation status on September 22, 2016 when it failed the shareholder requirements. What is the first date on which Kileau can re-elect S status
Answers
The first date on which Kileau Corp. can re-elect S Corporation status is September 22, 2021.
To determine the first date on which Kileau Corp. can re-elect S corporation status, we need to consider the relevant terms and regulations.
1. S corporation: An S corporation is a type of corporation that meets specific Internal Revenue Service (IRS) requirements, allowing its income, deductions, and credits to flow through to shareholders for federal tax purposes.
2. Termination of S corporation status: An S corporation can lose its status if it no longer meets the shareholder requirements set by the IRS, such as having more than 100 shareholders or having non-qualifying shareholders.
In Kileau Corp.'s case, its S corporation status was terminated on September 22, 2016, when it failed the shareholder requirements.
3. Re-election of S corporation status: According to IRS regulations, once an S corporation has terminated its status, it cannot re-elect S corporation status for at least five years from the date of termination, unless the IRS grants a waiver.
Given this information, Kileau Corp. must wait five years from the date of termination (September 22, 2016) to re-elect S corporation status. Therefore, the first date on which Kileau Corp. can re-elect S corporation status is September 22, 2021, provided no waiver is granted by the IRS.
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What is the relationship between costs of materials and distribution channels?
Answers
Answer:
A distribution channel is the set of steps it takes for a product to get in the hands of the key customer or consumer. Distribution channels can be direct or indirect. Distribution can also be physical or digital, depending on the kind of business and industry.
Explanation:
Create a comic strip, poster, or other visual art presentation that illustrates the forces of supply and demand, just as the dance routine in Supply and Dance, Man illustrated it using
the example of selling canes. Invent a fictitious business and illustrate how the business's successes shift supply and demand. Identify the supply and demand factors at play.
Answers
Answer:
demand is equal to 1000 and factors is equal to 5000
the studebaker dealership in haslett is considering building a new showroom. the owner’s grandfather bought vacant land in the city 85 years ago for $150,000 on which the new dealership could be built. however, 7-eleven has made the owner an offer to buy the land for $300,000 if he decides not to build a dealership on the site. it would cost $750,000 to build the dealership. what would the initial investment be for purposes of calculating whether or not to build the dealership?
Answers
The cost of the land adjusted for inflation is $3,996,000, and the cost of constructing the new showroom is $750,000. Therefore, the initial investment would be $4,746,000.
The initial investment for building the dealership would be the cost of the land plus the cost of constructing the new showroom.
Since the owner's grandfather bought the vacant land 85 years ago for $150,000, we need to adjust that amount for inflation to determine its current value. According to the US Inflation Calculator, the cumulative inflation rate from 1938 (the midpoint of the 85-year period) to 2023 (the current year) is approximately 2,564%. Therefore, the current value of the land is:
$150,000 x (1 + 2,564%) = $3,996,000
So the cost of the land is $3,996,000, and the cost of constructing the new showroom is $750,000. Therefore, the initial investment would be:
$3,996,000 + $750,000 = $4,746,000
This means that the owner would need to invest $4,746,000 upfront to build the new dealership, while they could receive $300,000 by selling the land to 7-Eleven. This information can be used to assess whether or not building the new showroom would be a profitable decision.
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When the stock market as a whole is rising in value then it is referred to as a bear market. True or false?
Answers
Answer: False
Explanation: A bear market is when a market experiences prolonged price declines. It typically describes a condition in which securities prices fall 20% or more from recent highs amid widespread pessimism and negative investor sentiment.
What seems to be the issue for young adults and financial literacy? Explain why.
Answers
Trade-oriented sales promotions differ from consumer-oriented ones in that trade promotions: are restricted to promotions that encourage larger purchases are offered to prospective buyers, but not current customers are offered when the exchange is predicted to occur without money are directed at intermediaries in the channel
Answers
Trade-oriented sales promotions are different from consumer-oriented ones in that they are directed at intermediaries in the channel.
They are designed to encourage larger purchases by wholesalers, distributors, and retailers. These promotions include discounts, allowances, and contests that are aimed at increasing sales volumes and building brand loyalty among trade partners. Unlike consumer promotions, which are offered to prospective buyers, trade promotions are usually targeted at current customers who have already established a relationship with the manufacturer or distributor. Additionally, trade promotions are often offered when the exchange is predicted to occur without money, such as when a retailer agrees to stock a new product in exchange for a promotional discount.
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Have an imaginary conversation with your best friend. Write four (4) lines of dialogue about a business that you support or want to start supporting. Here’s the catch… you may NOT use the letter ‘E’ in ANY word in any line of dialogue!
100 Points
Answers
I’m ok thank you .
That’s good .
Good bye
Business communication refers to the exchange of information within the workplace and with third parties.
What is Business Communication?Business communication refers to the exchange of information within the workplace and with third parties.Its goal is to improve organizational procedures and reduce errors. It is critical to improve both your communication abilities and processes in order to achieve excellent business communication. Business communication is communication that aims to help a company achieve a fundamental goal by sharing information among employees and people outside the company. Business communication refers to the sending and receiving of effective communications within a corporation, organization, or business. Business communication entails the exchange of information among members of an organization as well as between the organization and outside parties. Upward communication, downward communication, lateral communication, and external communication are the four major types.How ,do you do?
Many thanks; I'm fine.
What does your company claim?
My company is doing nicely.
Which industry you in?
trading in textile
I choose to begin in the same manner.
Oh, very well
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What is not a criteria you should choose your target market by?.
Answers
There are a few criteria that businesses consider when choosing their target market. However, there is one criterion that is not ideal to consider when selecting a target market. The answer to this question is "personal preferences."Personal preferences are not a criterion by which you should choose your target market. This is because personal preferences are not always accurate and may not reflect the target market's needs and wants. Personal preferences are unique to an individual and do not represent the whole market. Therefore, they cannot be relied on to determine the target market.
Let us take the example of a business that offers a wide range of designer sunglasses. If the business owner chooses to rely on their personal preferences to determine the target market, it will not be accurate. They may assume that their target market only includes individuals who have the same preferences as they do. However, this assumption would not be accurate because different customers have different preferences.
Therefore, personal preferences cannot be used as a criterion to determine the target market. Instead, other criteria such as demographics, psychographics, geographic, and behavioural factors can be considered. These criteria are more accurate as they reflect the characteristics of the target market.
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