Answer:
stimulate
expansionary fiscal policy is used in order to “stimulate” the economy; this is the right answer
Complete Question: Many banks and phone companies now charge fees for once-free services to ensure minimum customer revenue levels. This helps the banks to ________.
A) reduce the rate of customer defection
B) make low-profit customers more profitable
C) enhance the growth potential for each customer through cross-selling
D) increase the longevity of the customer relationship
E) focus disproportionate effort on high-value customers
Answer:
B) make low-profit customers more profitable
Explanation:
Many banks and phone companies now charge fees for once-free services to ensure minimum customer revenue levels. This helps the banks to make low profit customers more profitable.
The basic logic behind this strategy is that when customers find something coming free, then they start taking it for granted, they don't pay much attention to it, therefore, when the some services are free, customers will not be spending much on them, like upgrading, monthly plan up-gradations, monthly or annual subscriptions. Consequently, to turn the those customers into highly valuable customers, companies charge for the services which were free of cost in the past.
Answer:
Letter c is correct. <em><u>Higher than the total output that would be produced if the market were a monopoly but lower than the total output that would be produced if the market were perfectly competitive.</u></em>
Explanation:
An oligopoly is a market situation that occurs when there are a small number of companies that dominate the supply of a particular product or service in a sector of the economy. It can occur naturally or structurally, and the purpose of this market configuration is to have greater competition and price control, so that there is greater profitability.
This scenario is characterized by imperfect competition, which is similar to the monopoly market, but in oligopoly production is higher than in monopoly, because there is more than one supplier of the same product. And production in an oligopoly is lower than in a perfectly competitive scenario where there are many suppliers and none have the ability to affect market price.
I am not entirely sure what a performance test is, but I can help with the others. A polygraph is a machine, used usually if you are in legal trouble, to see if you are lying. While results aren't 100% accurate, you typically can get a gage for if someone committed a crime. They are also rarely used for interviews, some companies want to see if people are lying on their resumes. Drug tests are tests that are given to most people with a job, and especially sports players. Companies especially like to test people for drugs, to see if they might be on an illegal drug that could cause them to work less efficiently. It also is a liability issue for the company if an employee is on an illegal drug. Drug tests are typically done at a lab, and you usually have to pee in a cup and have it get tested.
