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Svetlanka [38]
3 years ago
12

Cingular​ Cell, Inc. charges its customers a high contract termination fee if they cancel their cell phone contract before the e

xpiration date. The termination fee is an example of a​ ________. A. customer service penalty B. loyalty cost C. customer retention fee D. customer service fee E. switching cost
Business
1 answer:
Vedmedyk [2.9K]3 years ago
5 0

Answer: Switching cost

Explanation:The cost incurred by consumers while switching from one product to another or from one brand to another is called switching cost. Generally it is monetary but could also be psychological or effort and time based.

In the given case, the company is charging its customers if they cancel their contract earlier. Such cancellation means they are switching to some other company.

Thus, we can conclude that the correct option is E.

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Anderson Corp. began the period with $200 of supplies. During the period, $500 of supplies were purchased. At the end of the per
IgorLugansk [536]

Answer:Amount of supplies used =$400

Explanation:

Beginning balance of supplies   $200

Supplies purchased                     $500

Ending supplies balance on hand    $300

Amount of supplies used = Beginning balance of supplies + Supplies purchased  - Ending supplies balance on hand

= $200 +$500 - $300

= $400 is amount of the adjusting entry to record the amount of supplies used in Anderson Corp.

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3 years ago
The "market clearing price" is most closely associated with
mel-nik [20]

The market clearing price is the price that balances the amount buyers want to buy with the amount sellers want to sell. This price balances the amounts demanded and supplied. The "market clearing price" is most closely associated with market equilibrium, because it exists when a market is clear of shortage and surplus, or is in equilibrium, when the demand curve and supply curve intersect.

4 0
3 years ago
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Why is it beneficial for businesses to be stationed in cities?
masya89 [10]
Because there are more buyers of your product and more suppliers for the things you need.
5 0
3 years ago
What happens when network externalities are​ present?
wolverine [178]
I think it is either C or D. I'm not sure which one though. Hope this helped, have a great day! :D
4 0
3 years ago
There are two universities, A and B, in a city. Tuition rises at University A and, as a result, the demand for attending Univers
LenaWriter [7]

Answer:

Substitutes

Explanation:

The education services at the two universities are substitutes to each other. The cross price elasticity of substitute goods is positive which indicates that as the price of one good increases then as a result the demand for other good increases and if the price of one good decreases then as a result the demand for other good decreases.

Now, if there is an increase in the tuition fees at University A, hence, this will increase the price of educational services at University A. Therefore, this will lead to an increase in the demand for educational services at University B.

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