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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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ioda
It would have to be  E 
3 0
2 years ago
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during its first year of operations, silverman company paid $11,440 for direct materials and $9,900 for production workers' wage
algol13

The amount of finished goods inventory on the balance sheet at year-end is $11,880

What is the cost of producing 5,600 units?

The cost of producing the finished goods of 5,600 units is the sum of direct materials, workers' wages and lease payments and utilities on the production facilities

total production costs=direct materials+ production workers' wages+ lease payments and utilities on the production facilities

total production costs=$11,440+$9,900+$8,900

total production costs=$30,240

cost per unit=$30,240/5,600

The finished goods inventory is units produced minus the units sold

finished goods inventory=5600-3400

finished goods inventory=2,200

finished goods inventory on the balance sheet=2200*$30,240/5,600

finished goods inventory on the balance sheet=$11,880

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4 0
1 year ago
select 3 goals or objectives that a leadership plan might include to achieve a solid business strategy.
Nezavi [6.7K]

In order to achieve solid business strategy in the leadership plan, the three goals the leadership plan includes are attracting new customers, increasing revenue, and decreasing cost price.

The three main goals in order to achieve solid business strategy in the leadership plan are targeting and attracting new customers, decreasing the cost price of goods or services being offered, and increasing the revenue.

The detail of these goals is given below:

  1. Attracting new customers is considered an important leadership goal as it increases market share and promotes competition with other brands. New customers are important in terms of sales. It is needed for a business to grow.
  2. Increasing revenue It is considered an important leadership goal because the basic purpose of every business is to earn profit. More growth means more profit. If an organization will be able to increase its revenue it will be able to maximize its profit.
  3. Decreasing cost price It is considered an important leadership objective because if the sale remains same then the company will earn more profit. The cost is linked directly with profitability. More profit means more growth of the company.

Therefore attracting new customers, increasing sales of product and services offered and decreasing cost are considered three goals that a leadership plan must include to achieve business strategy.

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3 0
1 year ago
Q 1 (Cranberries) International Cranberry Uncooperative (ICU) is a competitor to the National Cranberry Cooperative (NCC). At IC
klemol [59]

Answer: 100 barrels per hour.

Explanation:

4 0
2 years ago
He people who promote innovations as part of the process of transmission are called? adopters. transmitters. innovators. entrepr
Alina [70]

The people who promote innovations as part of the process of transmission are called "Transmitters".

<h3>What do you mean by term Innovations?</h3>

An innovation refers to the action or process of changing/transforming something. It an be used to make a process more effective.

In business, innovation often results when ideas are applied by the company in order to further satisfy the needs and expectations of the customers.

Adding to it, the transmitters are those who are helpful in the process of transmission of something. Rest all options like A, C and D are incorrect.

Therefore, correct option is B.

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6 0
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