Scenario 18.2
Use the following to answer the questions.
The State Farm Group includes several companies. Probably the most well-known
company in the group is the State Farm Insurance Company, the largest auto and home
insurer in the United States. State Farm Insurance provides protection for
approximately 78 million policies on auto, fire, life, and health services. It is also a
leading insurer of homes and autos in Canada. Another company in the State Farm
group is the State Farm Bank, which was opened in 2000, beginning State Farm’s entry
into the financial services field. However, the State Farm Bank is not a traditional bank
in that it has no branch offices and its services are provided through State Farm agents,
a call center, the mail, and on the Internet. It currently serves over 1.9 million bank
accounts. When deciding on its advertising allocation for the coming year, State Farm
Insurance could choose to spend the same amount as Safe Auto, another auto insurance
company, or it could allocate an amount that is 10% of last year’s premiums. If State
Farm uses the same amount as Safe Auto, this method of advertising appropriation is
known as the approach; if State Farm uses the amount based on last year’s premiums,
the method would be .
a. competition-matching; percent-of-sales
b. arbitrary; competition-matching
c. competition-matching; objective-and-task
d. arbitrary; objective-and-task
e. objective-and-task; percent-of-sales
The unification of Europe through the European Union (EU):
a. produced the largest single market in the world.