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Furthermore, in the old system people with private insurance could not easily switch insurer because of barriers like risk selection and premium differentiation.
The privately insured could also switch, but as a result of risk selection and premium differentiation many were actually locked in with their insurance company.
Favorable risk groups can be attracted by a specific design of supplementary health insurance packages (i.e. product differentiation), by discounts on supplementary premiums (i.e. premium differentiation) or by specific benefits.
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Marketing: According to Johns and Pine (2002), with the purpose of evaluating economic dimension, this focuses on pricing policies of companies for premium products; product differentiation in terms of labelling, promotion strategies, etc.; consumers' attitudes and awareness of sustainable products; and the strategic development of the product life-cycle.
The premium generated through differentiation will provide sufficient economic incentive for producers to adopt improved management practices.
Behavioral economics, branding, first-degree price differentiation and premium customization have allowed marketers to extract the most value from any given situation.
Cape Cod is part of a strategy at Snyder's-Lance of "being a niche player in premium categories where we have clear product differentiation," says Mr. Konradt, who joined Snyder's-Lance in October from Coca-Cola.
Reflects product differentiation In economics it is the differentiated product that commands a monetary premium.
Within charge systems, I consider effluent charges, deposit-refund systems, user charges, insurance premium taxes, sales taxes, administrative charges, and tax differentiation.
First, Werner's vast reach and diversity of markets prevented it from achieving Heartland's level of service differentiation and commanding a similar price premium.
It caused more differentiation in pay by Committee, with premiums paid to the Audit Committee members and Chairs, who had expanded duties under SOX.
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