All the following statements describe the flexibility available to the owner of a universal life insurance policy EXCEPT: Group of answer choices The frequency of premium payments can be changed. Policy loans are permitted on an interest-free basis. The death benefit can be increased with evidence of insurability. Premium payments can be any amount provided there is sufficient cash value to keep the policy in force.

Answers

Answer 1

Answer:

Policy loans are permitted on an interest-free basis.

Explanation:

The universal life insurance policy refers to a policy in which there is a component of an investment saving also it involves less premium that the person has to pay a low premium amount for continuing the policy. It could benefit the beneficiary after the death of the insured person

So according to the given situation ,for option B there is no flexibility available as no policy loans could be permitted without an interest


Related Questions

Suppose a firm has two types of customers but cannot tell which type of buyer the customer is before a purchase is made. If the firm wanted to use quantity discounting, it should charge _____ per unit for any quantity purchased or _____.

Answers

Complete Question:

Suppose a firm has two types of customers but cannot tell which type of buyer a customer is before a purchase is made. One group of customers has an inverse demand of P = 100 – 10Q, while another group of customers has an inverse demand curve of P = 110 – 22.5Q. If the firm wanted to use a quantity discount pricing scheme, what prices should it set? Assume that the marginal cost of production is constant at $20.

A) The firm could charge $65 per unit for any quantity purchased or $60 per unit if buying 4 or more units.

B) The firm could charge $50 per unit for any quantity purchased or $40 per unit if buying 8 or more units.

C) The firm could charge $25 per unit for any quantity purchased or $20 per unit if buying 2 or more units.

D) The firm could charge $85 per unit for any quantity purchased or $75 per unit if buying 6 or more units.

Answer:

Option A. The firm could charge $65 per unit for any quantity purchased or $60 per unit if buying 4 or more units.

Explanation:

Group One Customers:

We will find the price and quantity by using the following relationship:

Marginal Revenue = Marginal Cost

But the first step would be to calculate marginal revenue.

Step1: Calculate Marginal Revenue

The price and quantity relation of group one customers is given as under:

P = 100 - 10Q

Now we will use total revenue equation which is given as under:

Revenue = Price * Quantity

Here

Price = 100 - 10Q

By putting this in the above equation, we have:

Revenue = (100 - 10Q) * Q

Revenue = 100Q - 10Q^2

Taking derivative on both sides we have:

Marginal Revenue = 100 - 2*10*Q = 100 - 20Q

Now as we know that:

Marginal Revenue = Marginal Cost

Here

Marginal Revenue = 100 - 20Q

Marginal  Cost = $20

By putting values, we have:

$100 - 20Q  =  $20

$100 - $20 = 20Q

Q = $80 / $20  = 4 Units

Now putting this value in the price equation we have:

Price = $100 - 10*4 = $60

Group Two Customers:

We will find the price and quantity by using the following relationship:

Marginal Revenue = Marginal Cost

But the first step would be to calculate marginal revenue.

Step1: Calculate Marginal Revenue

The price and quantity relation of group one customers is given as under:

P = 110 – 22.5Q

Now we will use total revenue equation which is given as under:

Revenue = Price * Quantity

Here

Price = 110 - 22.5Q

By putting this in the above equation, we have:

Revenue = (110 - 22.5Q) * Q

Revenue = 110Q - 22.5Q^2

Taking derivative on both sides we have:

Marginal Revenue = 110 - 2*22.5*Q

Marginal Revenue = 110 - 45Q

Now as we know that:

Marginal Revenue = Marginal Cost

Here

Marginal Revenue = 110 - 45Q

Marginal  Cost = $20

By putting values, we have:

$110 - 45Q  =  $20

$110 - $20 = 45Q

Q = $90 / $45  = 2 Units

Now putting this value in the price equation we have:

Price = $110 - 22.5*2 = $65

The data extracted from the above two scenario is as under:For Group 1, Price is $60 and Quantity is 4 UnitsFor Group 2, Price is $65 and Quantity is 2 UnitsHence the option A is correct.

Frame Co. has an 8% note receivable dated June 30, 20X1, in the original amount of $150,000. Payments of $50,000 in principal plus accrued interest are due annually on July 1, 20X2, 20X3, and 20X4. In its June 30, 20X3, balance sheet, what amount should Frame report as a current asset for interest on the note receivable

Answers

Answer:

$8,000

Explanation:

Given the following:

Interest rate on notes receivable = 8%

Original principal balance = $150,000

Amount due by July 1 = $50,000

Therefore, in the June 30, 20X4 balance sheet, the original principal balance that has been outstanding will be :

$150,000 - $50000 = $100,000

Therefore, only $100,000 has been outstanding and is due for calculation in the interest on accounts receivable on June 30.

Interest rate * principal balance due at the date

8% * $100,000

0.08 * $100,000

= $8,000

The amount that should Frame report as a current asset for interest on the note receivable is $8,000.

What is note receivable?

A note receivable is defined as a written promise to acquire a particular amount of cash from some other party on one date/s. This is addressed as an asset by the bearer of the note.

Computation of notes receivable:

According to the given information,

Notes receivable interest rate = 8%

Original principal Amount = $150,000

Due amount on July 1 = $50,000

Hence, in the balance sheet of the June 30, 20X4, the actual amount of principal balance that has been outstanding is:

[tex]=\text{Original Principal Amount -Due Amount}\\\\=\$150,000 -\$50000\\=\$100,000[/tex]

Therefore, the outstanding amount would be $1,00,000 and is due for calculation in the interest on accounts receivable on June 30.

Now the amount of note receivable is:

[tex]\text{Interest Rate} \times \text{Principal Balance Due at the Date}\\\\8\%\times \$1,00\\\\\$8,000[/tex]

Therefore, note receivable is $8,000.

Learn more about note receivables, refer to:

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Spencer Co. has a $280 petty cash fund. At the end of the first month the accumulated receipts represent $51 for delivery expenses, $159 for merchandise inventory, and $20 for miscellaneous expenses. The fund has a balance of $50. The journal entry to record the reimbursement of the account includes a:

Answers

Answer:

Credit to cash $230

Explanation:

Preparation of the Journal entry for the reimbursement of the account of Spencer Co.

Based on the information given we were told that the company spent the amount of $51 for delivery expenses, the amount of $159 for merchandise inventory, and the amount of $20 for miscellaneous expenses from their petty cash fund at the end of the month, which means that the journal entry to record the reimbursement of the account will be:

Dr Delivery expenses $51

Dr Merchandise inventory $159

Dr Miscellaneous expenses $20

Cr Cash                                  $230

(To record petty cash reimbursement)

The owners of a local deli routinely try to develop new menu items and seek better ways of helping their customers; this is an example of Multiple Choice the production objective. innovation. MBO. efficiency. synergy.

Answers

Answer: Innovation

Explanation:

Innovation simply means a creative thought that brings about a new concept, new idea or a better way of doing something.

The owners of a local deli routinely try to develop new menu items and seek better ways of helping their customers is an example of innovation.

An account related with another account on the financial statements that 1) directly reduces the related account and 2) has an opposite normal balance than the related account, is a(n) Multiple Choice Permanent account Temporary account Contra account.

Answers

Answer:

Contra account.

Explanation:

A contra account is an account that has an opposite of what is the normal balance for the class of such an account. a company would be able to report the original amount and in so doing also be able to report the reduction and then what is the net amount would be reported. in other words such an account is used to reduce the value of another related account. And thereafter the net value is what is going to be reported.

Crane Sales Company uses the retail inventory method to value its merchandise inventory. The following information is available for the current year:
Cost Retail
Beginning inventory $ 30,000 $ 45,000
Purchases 190,000 260,000
Freight-in 2,500 —
Net markups — 8,500
Net markdowns — 10,000
Employee discounts — 1,000
Sales revenue — 205,000
If the ending inventory is to be valued at the lower-of-cost-or-market, what is the cost-to-retail ratio?
a) $220,000 ÷ $315,000
b) $222,500 ÷ $305,000
c) $222,500 ÷ $313,500
d) $222,500 ÷ $303,500

Answers

Answer:

c) $222,500 $313,500

Explanation:

Calculation for cost-to-retail ratio

COST

Beginning inventory $ 30,000

Add: Purchases $190,000

Add: Freight-in $2,500

Cost=$222,500

RETAIL

Beginning inventory $ 45,000

Add: Purchases $260,000

Add: Net markups $8,500

Retail = $313,500

Therefore the cost-to-retail ratio will be $222,500 $313,500

On january​ 1, 2017, finch company issued​ $89,000 of​ five-year, 8% bonds when the market interest rate was​ 12%. the issue price of the bonds was​ $73,000. finch uses the​ effective-interest method of amortization for bond discount. semiannual interest payments are made on june 30 and december 31 of each year. how much interest expense will be recorded when the first interest payment is​ made? (round your answer to the nearest dollar​ number.)

Answers

Answer:

$4,380

Explanation:

The calculation of the interest expense recorded in the first year is given below:

= Issued price of the bond × market interest rate ÷ semi annual period

= $73,000 × 12% ÷ 2

= $73,000 × 6%

= $4,380

Therefore, the interest expense would be recorded when the interest payment is made is $4,380

We simply used the above formula

There are three key reasons for putting the customer into customer solutions in selling: (1) considerable time and effort is necessary to fully understand a specific customer's requirements; (2) effective customer solutions are based on relationships among sellers and buyers; and (3)

Answers

Answer:

Consultative selling is central to providing novel solutions for customers, thereby creating value for them

Explanation:

The customer is not actually buying product in most cases, he is actually buying solution of its problems which means that

Analyzing customer's requirements is to make sales because if we don't know what actually the customer is demanding then we can't satisfy our customer. Effective customer relationship play vital role in making sales.Consultative selling helps in meeting the requirement of the customer, building customer loyalty by recommending them best option. This helps in generating value for both customers and suppliers.

A properly licensed agent in Illinois, Missouri, and Iowa has a client who moves from Illinois to Michigan on July 1, 2014. On September 1 of that year, the agent sells him 100 shares of a nonexempt security in a nonexempt transaction. On October 1, 2015, the client discovers that the agent's firm never licensed him in Michigan and that the agent is subject to civil liability to the purchaser. The statute of limitations for this sale runs out on

Answers

Answer: September 1, 2017

Explanation: The statute of limitation could be explained as a window period within which a civil violation or case may be filed by a plaintiff. Once this window period expires, the defendant may raise a claim against such case with respect that statute of limitation has been violated. In the scenario described above, the offense could be regarded as a professional malpractice with a statute of limitation of two years after the discovery of the incident which in this case is October 1, 2015, hence the statute of limitation of the sale will run out 2 years after October 1, 2015 which is September 1, 2017.

an object travels 16 metre in 4 seconds and then another 16 metre in 2second what is the average speed of the object

Answers

Answer:

6m/s

Explanation:

Given the information :

an object travels 16 metre in 4 seconds and then another 16 metre in 2second.

what is the average speed of the object?

First portion of travel:

Distance = 16 meters

Time = 4 seconds

Second portion:

Distance = 16 meters

Time = 2 seconds

Speed is calculated as the proportion of distance traveled to the time taken.

Speed = distance / time

First portion :

Speed attained

Distance / time = speed

16 meters / 4 seconds = 4m/s

Second portion:

Speed attained

Distance / time = speed

16 meters / 2 seconds = 8m/s

Average speed :

(first portion + second portion) / 2

(4m/s + 8m/s) / 2

12m/s ÷ 2

= 6m/s

The manufacturer of a certain engine treatment claims that if you add their product to your​ engine, it will be protected from excessive wear. An infomercial claims that a woman drove 6 hours without​ oil, thanks to the engine treatment. A magazine tested engines in which they added the treatment to the motor​ oil, ran the​ engines, drained the​ oil, and then determined the time until the engines seized. Complete parts ​(a) and ​(b) below. ​(a) Determine the null and alternative hypotheses that the magazine will test. Upper H 0​: mu equals 6 Upper H 1​: mu less than 6 ​(b) Both engines took exactly 11 minutes to seize. What conclusion might the magazine make based on this​ evidence? A. The​ infomercial's claim is not true. B. The​ infomercial's claim is true.

Answers

Answer: (a)Null hypothesis: [tex]H_0:\mu=6[/tex]

Alternative hypothesis: [tex]H_a:\mu<6[/tex]

(b) Conclusion: A. The​ infomercial's claim is not true.

Explanation:

Let [tex]\mu[/tex] be the mean number of hours drove without​ oil .

(a) Since the woman drove 6 hours without​ oil because of the engine treatment.

We expect that this is too high to drive without oil

So, the hypothesis in this case would be

Null hypothesis: [tex]H_0:\mu=6[/tex]

Alternative hypothesis: [tex]H_a:\mu<6[/tex]

(b) 11 minutes is much lower than 6 hours.

That means it supports the alternative hypothesis.

Conclusion: A. The​ infomercial's claim is not true.

On April 1, Aloe, Inc. factored $80,000 of its accounts receivable without recourse. The factor retained 10% of the accounts receivable as an allowance for sales returns and charged a 5% commission on the gross amount of the factored receivables. What amount of cash did Aloe receive from the factored receivables

Answers

Answer: $68,000

Explanation:

Based on the information that have been provided in the question, the amount of cash that Aloe receive from the factored receivables will be:

= $80,000 - (10% × $80,000) - (5% × $80,000)

= $80000 - $8000 - $4000

= $80,000 - $12,000

= $68,000

Explain the concept of an opportunity cost with an appropriate example​

Answers

Answer:

Explanation:

Opportunity cost is an economics tool that is useful in the process of making a choice of goods and services in order to ensure that scarce resources are used efficiently.

The opportunity cost of a product or service is the name given to an income that could be earned when such product or service is put to an alternative use.

It can also be described as the cost of the alternative forgone to achieve a particular product or service

For an example , if a student decides to give up on watching a movie to study for his exam , the opportunity cost of the exam is the cost and pleasure related to the movie

The government decides to increase its expenditures by $350. The multiplier in this economy is 4 and the tax rate is 22 percent. The net effect of this expansionary fiscal policy is to: Group of answer choices

Answers

Answer:

Increase the budget shortage by $42

Explanation:

The government decides to increase expenditure by $350

The multiplier in the income is 4

The tax rate is 22%

= 22/100

= 0.22

The first step is to calculate the increase in income

= $350×4

= 1,400

The tax revenue which will be derived from the new income can be calculated as follows

= 0.22×1,400

= 308

Therefore, the net effect can be calculated as follows

Net effect= $350-$308

= $42

Hence the net effect of this expansionary fiscal policy is to make an increase in the budget shortage by $42

The beta of Ricci Co.'s stock is 3.2, whereas the risk-free rate of return is 9 percent. If the expected return on the market is 18 percent, then what should investors expect as a return on on Ricci Co.?

Answers

Answer:

Investors expect a return of 37.80 %.

Explanation:

The return that investors expect is the cost of equity to Ricci Co.

Cost of Equity = Return on Risk Free Security + Beta × Risk Premium

Where,

Risk Premium = Return on Market Portfolio - Return on Risk Free Security

                        = 18.00% - 9.00%

                        = 9.00 %

Cost of Equity = 9.00% + 3.2 × 9.00 %

                       =  37.80 %

     

For a manufacturing company to be effective, it must Select one: a. use fewer workers while maintaining productivity. b. take less time than before to produce a given output. c. set appropriate goals and achieves them. d. generate employment for a large number of people.

Answers

Answer:

The correct answer is:

set appropriate goals and achieves them (c.)

Explanation:

In business, effectiveness refers to the quality of results from completed tasks by both employees and the manager. For effectiveness is said to occur, the results delivered must be done consistently, and in this regard, the company must set appropriate achievable time-oriented goals and achieve them within the time frame. The main idea of effectiveness is productivity, and productivity is result-oriented.

On January 15, 2021, Bella Vista Company enters into a contract to build custom equipment for ABC Carpet Company. The contract specifies a delivery date of March 1. The equipment was delivered on March 31. The contract requires full payment of $75,000 30 days after delivery. The revenue for this contract should be recorded on

Answers

Answer:

31 March 2021

Explanation:

The contract should be recorded on 31 March 2021 because according to the US Generally Accepted Accounting Principles, revenue should be recognize in the book only when service has been rendered to the customer, the selling price of product is fixed and confirmation of service arrangement and amount to be collected.

With regards to the above scenario, since the equipment was not delivered until 31 March, then 31 of March will be recognized.

ADAP Advisers is offered a large block of ACME stock (a NYSE-listed issue) by an institutional investor at a 20% discount to the current market price, if ADAP Advisers is willing to buy the block that day. Which statement is TRUE if ADAP purchases the block for its own account rather than for its customers

Answers

Options :

A. This action is prohibited without exception, since ADAP Advisers is benefiting at the expense of its customers

B. This action is permitted if ADAP Advisers rebates any profit that it earns to its customers when it sells the block

C. This action is permitted if the purchased stock is not a suitable investment for ADAP's customers

D. This action is permitted if the block is purchased in the Third Market during the hours that the NYSE is closed

Answer: C.) This action is permitted if the purchased stock is not a suitable investment for ADAP's customers

Explanation: ADAP being a professional in the aspect of advisory investment, have a legal and ethical responsibility or obligation called fiduciary duties to their clients, both buyers and sellers. Therefore it is always very important to keep this at the forefront of their dealings in other to avoid soiling their reputation and integrity. Therefore, even though the stock offered to ADAP advisers is at substantial discount, ADAP advisers must ensure that the stock is a suitable investment for it's customers before offering it to them.

The fact that ADAP purchased the stick on it's own account may reasonably infer that the stick is not a suitable investment for it's customers.

The receipt of dividends and interest from abroad as a result of ownership of foreign assets by a country's residents is recorded as what:____________.

Answers

Answer:

income-generating assets under the current account of the balance of payment.

Explanation:

In international trade to balance of payments between countries looks at inflow and outflow of funds as a result of trade.

When there is balance of trade deficit the country imports from others. When there is balance of payment surplus the country exports to others.

The fund movement is recorded in various accounts. These are current account, capital account, and financial account.

The current account is used to record funds recieved from goods, services, income, and current transfers.

The receipt of dividends and interest from abroad as a result of ownership of foreign assets by a country's residents is recorded as

income-generating assets under the current account of the balance of payment.

Which of the following is NOT a factor to consider when examining extrinsic job satisfaction?
a. pay
b. coworkers
c. job tasks
d. supervisors

Answers

Answer:

The answer is C) Job tasks

Answer:

c

Explanation:

You need to have $30,250 in 17 in years. You can earn an annual interest rate of 4 percent for the first 5 years, 4.6 percent for the next 4 years, and 5.3 percent for the final 8 years. how much do you have to deposit today?

Answers

Answer:

The amount that has to be deposited today is $6205.63

Explanation:

The given parameters are;

The annual interest rate for the first 5 years = 4 percent

The annual interest rate for the next 4 years = 4.6 percent

The annual interest rate for the final 8 years = 5.3 percent

Let the amount deposited be X, we have;

X × (1 + 0.04)⁵ + X × (1 + 0.04)⁵×(1.046)⁴ + X × (1 + 0.04)⁵×(1.046)⁴ ×(1.053)⁸ = $30,250

X ((1.04)^5 + (1 + 0.04)^5×(1.046)^4 + (1 + 0.04)^5×(1.046)^4 ×(1.053)^8) = $30,250

X × 4.875 = $30,250

X = $30,250/$4.875 = $6205.63

The amount that has to be deposited today = $6205.63.

When the price of a product is p dollars each, suppose that a manufacturer will supply 2p - 8 units of the product to the market and that consumers will demand to buy 300 - 2p units. At the value of p for which supply equals demand, the market is said to be in equilibrium. Find this value of p.

Answers

Answer:

77

Explanation:

The computation of the value of P is shown below:-

As we know that

at Market equilibrium,

Supply = Demand

So, the equation will be

Number of units supplied = Number of units in demand

2p - 8 = 300 - 2p

Now we solve it

2p + 2p = 300 + 8

4p = 308

p = 308 ÷ 4

= 77

Therefore we have solved the above equation to determine the value of the P

One identical unit is purchased on each of the following three dates and at the respective costs: June 1 at $10 June 2 at $15 July 4 at $20 The company sells two units during the period. Conclude which inventory items are sold first and which unit remains in ending inventory if the company is using the FIFO cost flow assumption.A. The June 1 at 10 is sold; the June 2 at $15 and July 4 at $20 remain in ending inventory.B. The June 1 at 10 and the June 2 at $15 are both sold; the July 4 unit remains in ending inventory.C. The June 2 at $15 and the July 4 at $20 are both sold; the June 1 at $10 remains in ending inventory.

Answers

Answer:

B. The June 1 at 10 and the June 2 at $15 are both sold; the July 4 unit remains in ending inventory.

Explanation:

FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold

2 units were sold. the June 1 and June 2 units would be the items sold because they were the first to be purchased according to the dates.

the ending inventory would be the the July 4 unit

A registered representative reads in that morning's newspaper that "Asian securities markets appear to have finally bottomed out." Based on this information, the registered representative calls each of her customers and says "Now is the time to buy Asia Fund." This action by the registered representative is:

Answers

Answer: Is a prohibited practice, since a suitability determination was not made for each client.

Explanation:

One of the major reasons of going into a particular field or specialization in market is if you really wanted and can suit the market you're going into. Emergency entry into the market sometimes can fail, the fact every opportunity opens up doesn't mean you'll jump into it; one thing to consider is; is it suitable for my organization to go after, then get to know the pros and cons, weigh them, then decide.

stock market is a market for.?​

Answers

Answer:

Explanation:

Stock market is a market for stocks ( shares ) for the buyers and sellers.

Hope this helps

plz mark as brainliest!!!!!!!

Answer:

Stocks

Explanation:

Buyers would buy a share from the stock market hoping to sell the share later at a higher price therefore making a profit. This is what you would call systematic gambling, you know the risks and possible rewards. However sometimes the stock market can go down resulting in the buyer making a loss since the selling price of the share is less than the one the buyer bought.

One way to obtain the economically efficient amount of college education is for governments to subsidize college education. What is the size of the per-student Pigouvian subsidy that the government must provide to internalize the external benefits

Answers

Answer:

The remaining part of the question is given below:

(Note that the subsidy can be granted to the education institutions or to the students directly or indirectly; for example, through low- interest student loans.)

a. P2-P0

b. P2-P1  

c. P0-P1

d. P1

Correct Answer:

b. P2-P1

Explanation:

A pigouvian subsidy is a subsidy that is used to encourage behaviour that have positive effects on others who are not involved or society at large. Behaviors or actions that are a benefit to others who are not involved in the transaction are called positive externalities.

(I) Countries with more economic freedom during the past quarter of a century had a lower average per capita GDP.(II) Countries with more economic freedom during the past quarter of a century generally achieved higher rates of economic growth.Question 40 options:

Answers

Answer:

I. False

II. True

Explanation:

Economic freedom refers to the human right to own and control private property and decide how your labor should be used. When Economic freedom exists, people are able to contribute freely to the economy in a way that they prefer in a stable environment that supports their ventures.

Evidence has shown that in countries where people have the liberty to engage in business as they see fit, the Economies grew faster and had a higher average GDP per capita than countries that did not.

This is why developed countries (usually have higher economic freedom) are better off than a lot of developing countries where several factors such as corruption hinder economic freedom.

You are considering acquiring a common share of Sahali Shopping Center Corporation that you would like to hold for 1 year. You expect to receive both $1.25 in dividends and $35 from the sale of the share at the end of the year. The maximum price you would pay for a share today is __________ if you wanted to earn a 12% return. A. $31.25 B. $32.37 C. $38.47 D. $41.32

Answers

Answer:

B. $32.37

Explanation:

The computation of the maximum price for paying the share today is shown below:

Let us assume the buying price be x

Now we applying the following formula

Return = (sale price - buy price + dividend) ÷ (buy price)

12% = ($35 - x + $1.25) ÷ x

0.12 = $36.25 - x

1.12x = $36.25

x = $36.25 ÷ 1.12

= $32.37

Hence, the correct option is B.

Eve files a suit against Financial Associates, Inc. (FA), to enforce an oral contract that would otherwise be unenforceable under the Statute of Frauds. The court could enforce such a contract if

Answers

Answer:

Eve foreseeably, justifiably, and detrimentally relied on a promise by FA

Explanation:

In this situation, the court could enforce such a contract if Eve foreseeably, justifiably, and detrimentally relied on a promise by FA. Meaning that the consequences that occurred were caused by the promise that was made to Eve by  Financial Associates, Inc. (FA), which ultimately led to Eve making decisions that she otherwise would not have done if FA never made that promise.

​Harley-Davidson disciples share a​ common, deeply held attraction to the brand. Harley appeals​ include: freedom,​ independence, power, and authenticity.​ Harley-Davidson doesn't just sell motorcycles. It sells​ self-expression, lifestyles,​ aspirations, and dreams. This illustrates​ core customer values

Answers

Answer: Brand personality

Explanation:

Brand personality is what the customers can easily relate to about a particular brand. To develop and maintain a strong brand, having a brand personality is vital.

From the question, we are informed that Harley appeals​ include freedom,​ independence, power, and authenticity and that Harley-Davidson doesn't just sell motorcycles, it sells​ self-expression, lifestyles,​ aspirations, and dreams. This illustrates brand personality.

True, its illustrated Core Customer Value.

Core customer values refers to the perception of what a product or service of a company is worth to a customer against the effort of buying such product.

These values are what attracts customers to a product or a firm.

Question sometime asked by customer that what do i gain from this product despite being costlier? The Core values the customer got from the product or firm keeps the attraction.

In conclusion, the values are displayed effectively by product or firms in other to persuade new customer as well as to attract existing customers.

Learn more about Core customer values here

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