Define Mass Merchandising

Mass Merchandising: A practice in which a large group of individuals, as a group of employees, all assure with similar company, and remit premiums into a lump sum. Plan for insure particular members of a group, as employees of firms or members of labor unions, in a particular program of insurance at decreased premiums. Liability and property insurance is sold to particular members using group insurance marketing processes.

   Related Questions in Biology

©TutorsGlobe All rights reserved 2022-2023.