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Elenna [48]
3 years ago
15

Harvey Rabbitt pays for monthly cable TV service. Last​ week, the cable company informed Harvey that his monthly cable price wou

ld go down because the city council has granted approval for three new cable companies to service his area. How is the market for cable TV services affected by​ this?
Business
1 answer:
hichkok12 [17]3 years ago
8 0

Answer:

The company pass from monopoly to a competitive market.

The new companies increase the supply and therefore, the equilibrium price decreases.

Explanation:

The approval of new cable companies generates an increase in the supply. As the suply shift to the right the quantity (people wiht a monthly cable service) will increase and the price (monthly fee) decrease.

Harvey's Company is already starting to decrease his price to do an effort to retain his customer. This company is no longer a monopoly so it will decrease price to be more competitive.

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Hellmann's is a brand owned by Unilever that produces mayonnaise, among other food products. If a marketing manager at Hellmann'
leonid [27]

Answer:

A) a weakness if the company does not have access to other expertise at Unilever.

Explanation:

A SWOT analysis will be used by Hellmann to identify the brand's strengths, weaknesses, opportunities and threats.

Strengths refer to internal attributes and resources that support business growth. Weaknesses are internal traits and resources that work against a successful outcome.  Opportunities are external factors that the entity can use to develop the business.  Threats are external factors that can lead to the downfall of the brand.

Based on the above, the lack of expertise by Hellmann's managers is a weakness.

6 0
3 years ago
Sally purchases a classic 1964 car she saw for sale on someone’s lawn. She then purchases some new parts and spends 120 hours re
Klio2033 [76]

Answer:

b) the amount she paid to buy new parts

Explanation:

Gross domestic product (GDP) is the monetary value of goods and services produced in a country within a period of time usually a year.

The second hand car purchased by Sally has already been recognized in the GDP in the period it was first sold. To include the purchase cost again will amount to double counting.  Therefore, the expenses that will be included in GDP is the value that has been added, that is, the amount she paid to buy new parts. We do not recognize the value of self service in GDP,  therefore the 120 hours she spent refurbishing the car is not to be included.

7 0
4 years ago
Robin is a human resource manager at Techtronic, a software company. She receives a call from an HR manager at another software
Firdavs [7]

Megan could accuse Techtronic of engaging in <u>d. defamation</u>.

<u>Explanation</u>:

Defamation means causing damage to the good reputation of someone. Making of false or offensive statement about an individual’s behavior or character leaves a bad impression about the individual.

Defamation may be oral or published.

In the above scenario, there was no evidence against Megan regarding racial discrimination. Robin shared the details about Megan with the caller without knowing the situation correctly. This caused defamation of Megan which may lead him to refrain from hiring in the new company.

5 0
3 years ago
Read 2 more answers
QUESTION 1 The method that uses a certain percentage of each year's net sales to estimate the uncollectible account is called th
Sonbull [250]

Answer:

QUESTION 1 :    sales allowance method

QUESTION 2:   $60,000

QUESTION 3:   $180

QUESTION 4:  Accounts Receivable

Explanation:

4 0
3 years ago
In order to be useful to managers, managerial accounting reports should possess all of the following characteristics except a.be
lakkis [162]

Answer:

c.be prepared in accordance with generally accepted accounting principles.

Explanation:

Managerial accounting involves the use of accounting information by managers to make business decisions, this aids in management and control functions in a business.

Managerial accounting does not follow normal generally naccepted accounting practice but is ather tailored to the needs of the user. It is focused on how managers can plan for the future, develop plans for the company, and check if their earlier decisions were accurate.

Financial accounting on the other hand focuses on following accounting standards in reporting financial activity of a business.

Examples of areas of application of managerial accounting include job order costing, process costing, understanding cost behaviour, operational budgeting, and so on.

7 0
3 years ago
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