83 of 90 Your clients have been renting a unit in a condominium high rise building and have a Tenants Comprehensive policy through your office. They have just purchased a similar condominium unit and will soon move in. What should you do to change their insurance coverage? Get full details of the security arrangements and alarm systems in the building. You will then be able to recommend how much fire and theft insurance they should carry. Transfer the entire policy to their new address as they do not need any other coverage. Cancel the entire policy. They no longer have any need for insurance as the Condominium Corporation is required by law to insure all insurable exposures for the owners of every unit. stead Get full details of the security arrangements and alarm systems in the building. You will then be able to recommend how much fire and theft insurance they should carry. Transfer the entire policy to their new address as they do not need any other coverage. Cancel the entire policy. They no longer have any need for insurance as the Condominium Corporation is required by law to insure all insurable exposures for the owners of every unit. Cancel their Tenants policy and replace it with a Condominium Unit Owners policy. [tm

Provide example when innovation in hotel industry helped in reducing costs.

Woolworths drives innovation and change in food retailing supply chain (AUS 2018) Australian large retailers are increasing their demand for enabling technologies. Woolworths is no exception. With a desire to improve its fresh and value added meat retailing operations in Australia and improve supply chain quality and efficiency, Woolworths has strategically joined forces with Hilton Food Group (UK) and Linpac Packaging Australia (UK). Both have operations in Victoria. Woolworths also most recently opened a new distribution centre in South East Melbourne. Joint Venture with Hilton Food Group (UK 2015) A joint venture between Hilton and Woolworths saw the establishment of a new meat processing facility in Laverton that will service 325 stores, creating 500 full time jobs. Innovations at the new facility include:  Fully automated reusable crate washing system  Fully automated robotic store order pick and packing  High tech cold storage facility  Full test kitchen that can produce…

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