Spring 2019 #2c
The examiner's report stated that the list below are variations of the unique response: Buyers are sophisticated
- Small limited data
- Highly individualized risk
- Regulators do not have the expertise
- Innovation of coverage
However, based on the wiki example (e.g., ocean marine), it seems that “highly individualized risk” and “sophisticated buyers” are treated as two distinct responses. Is there a general consensus on whether these should be considered separate points?
Comments
I need to know where in the wiki you see the two presented as distinct to be able to comment.
https://www.battleacts6us.ca/wiki6us/Porter.8-Rates
Ok. It seems the examiner tried to fashion a tiered response, based on the answers they received. I don't find their four examples to be representative of buyer sophistication.
Despite what they say about the tiers, I think they would accept an answer that consisted of "sophisticated buyer" or "individualized risk", along with "line of business is optional".