1. which approach to pricing (cost-based, competition-based, or demand-based) is the most fair to customers? why?
2. is it possible to use all three approaches simultaneously when pricing services? if you answer yes, describe a service that is priced this way.
3.for what consumer services do you have reference prices? what makes these services different from others for which you lack reference prices?

Which of the following is not correct about renter's insurance? multiple choice renter's insurance is relatively inexpensive. renter's insurance covers the building and other structures on the site. typical coverage pays only the actual cash value of one's losses. the comprehensive form protects personal property against perils not specifically excluded in the policy. the broad form covers personal property against perils specified in the policy.