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1 year ago

if people demand more netflix subscriptions when the price of hulu subscriptions falls, then netflix and hulu are:

1 answer:

azamat1 year ago

3 0

Netflix and Hulu are substitutes if more individuals desire Netflix memberships as the cost of Hulu subscriptions decreases.

In microeconomics, two things are considered substitutes if customers may use them for the same purpose. Having more of one thing makes a buyer want less of the other good because they regard both goods as similar or equivalent.

Contrary to independent and complementary products, substitute goods may displace one another in usage as a result of shifting economic conditions. Coca-Cola and Pepsi are two examples of substitute commodities; they may be used interchangeably because they both meet the same need, which is the demand of customers for a soft drink. These replacements are referred to as "near substitutes."

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If user experience of a product is poor, _____________. Select the options that correlate with the given statement.

lesya [120]

Answer:

If user experience of a product is poor, _____________.

Of course, the conscious user will simply go away.

Explanation:

A poor product drives away the customers of the organization that is offering the product. The reputation of the organization is also badly damaged by the poor product, especially if its production is persistent. Poor products can lead an organization to liquidate. The other efforts made by the organization cannot compensate for a poor product. Even, the good products being offered by such an organization will perform poorly in the marketplace as a result of the rub-on effect created by the poor product. Therefore, products and services should bear the mark of good quality at all times

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3 years ago

Which of the following BEST describes business strategy? a strategy that assists first-line managers in making day-to-day decisi

FinnZ [79.3K]

Answer:

A strategy at the business unit or product line level that focuses on improving a firm's competitive position.

Explanation:

Business strategy can be defined as a tool used by organisations to achieve their objectives and goals. A business strategy outlines the various actions that should be carried out by an organisation inorder to attract more customers and gain a high rank among competitors in the market.

A good business strategy helps the employees to identify their various weakpoints, the areas that they are not putting enough efforts. This helps to increase productivity which would lead to the growth of the company.

6 0

3 years ago

Iverson Company purchased a delivery truck for $45,000 on January 1, 2018. The truck was assigned an estimated useful life of 10

Gnom [1K]

Answer:

Depreciation expense for 2018 is $6,300.

Depreciation expense for 2019 is $7,700.

Explanation:

The unit-of-production method also known as units-of-activity method is used when the asset value closely relates to the units of output it is able to produce. It is expressed with the formula below:

(Original Cost - Salvage value) / Estimated production capacity x Units/year

At Year 2018, depreciation expense (DE) is: ($45,000 - $10,000) / 100,000 miles x 18,000 miles = $6,300/year

At Year 2019, depreciation expense (DE) is: ($45,000 - $10,000) / 100,000 miles x 22,000 miles = $7,700/year

Accumulated depreciation for 2 years is $6,300 + $7,700 = $14,000.

Note that this depreciation method results in higher depreciation charge when the asset is heavily used, at this time, it was in Year 2019.

The NBV under this method is: $45,000 - $14,000 = $31,000.

7 0

3 years ago

The nominal exchange rate is .80 euros per U.S. dollar and a basket of goods in France costs 1,000 euros while the same basket c

lukranit [14]

Answer:

Australia has purchasing-power parity with the U.S.

Explanation:

A basket of goods costs $800 in the US. The same basket costs 1,000 euros in France and 960 Australian dollars in Australia.

The nominal exchange rate for euros is .80 euros per U.S. dollar and for Australian dollars, it is 1.2 Australian dollars per U.S. dollar.

The purchasing power parity theory compares the currency of two countries through a basket of goods. The currency of the two countries is in equilibrium or is at par if a basket of goods cost the same in both the countries.

This method compares the economic productivity and standard of living in two countries.

Converting the value of basket in France into US dollars,

= $\frac{1,000}{0.80}$

= $1,250

Converting the value of basket in Australia into US dollars,

= $\frac{960}{1.2}$

= $800

The cost of the basket of goods is same in Australia. This indicates that Australia has purchasing-power parity with the U.S.

3 0

3 years ago

Under GASB standards, financial information useful for assessing operational accountability is primarily reported in which finan

ANEK [815]

Answer: b. Yes; No

Explanation:

The Government Accounting Standards Board (GASB) is simply a non-governmental organization which is private that helps in the creation of accounting reporting standards, for both states in the United States and the local governments.

Under GASB standards, financial information useful for assessing operational accountability is primarily reported in the Government wide financial statements and not the Fund Financial statements.

7 0

3 years ago