Question

How does an insurance company determine the number of agents needed for selling policies?

a.

Based on the expected volume of sales and the assumption of policies sold per agent

b.

Based on the number of policies sold in the previous year

c.

Based on the geographical location of potential customers

d.

Based on the competition in the insurance market

Answer: (a).Based on the expected volume of sales and the assumption of policies sold per agent Explanation:An insurance company determines the number of agents needed for selling policies based on the expected volume of sales and the assumption of policies sold per agent.

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Q. How does an insurance company determine the number of agents needed for selling policies?

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