Answer:
If the the single cable TV firm from Sydney now has a new competitor coming into town, what will most likely happen with the price of the service is that it will go down and become more accessible to consumers, as a direct consequence of the generation of competition from market between the companies involved.
The concept of competition plays a central role in economic theory. it is a situation by which different actors (companies or consumers) compete for a share in the same activity, typically the sale or purchase of a product or service. For economic operators, it is often an advantage to have limited competition on their own side of the market and a lot of competition on the opposite side, as it allows for high profits. From the point of view of society, as high a competition as possible is usually an advantage, as it ensures the best possible utilization of society's resources.
Answer:
Customer relationship management
Explanation:
Customer relationship management is a strategy used in most organisation in which official make plan to retain their customers. They analyse the data about the customer, their professional history, their gross profit, nature of business etc. These all process help to boost the growth of company to the next level.
Answer:
The correct answer is letter "C": to raise competition among firms in the cartel.
Explanation:
A cartel is a group of companies or countries working together to regulate the price of a single product they produce in common. The cartel makes it impossible for a foreign business to enter the market and demand lower prices. Cartels are, in most cases, not helpful to customers. They generate high prices that remain unchanged until consumers find alternative ways to purchase the same items.
Under such a scenario,<em> cartels are unlikely to be formed to generate more competition among the companies that compose them.</em>
Since the student comments to his roommate that the only way he will be able to pass his final exams is to not sleep for the next three days, one can say that the statement suggests that option c) there is a trade off between studying and sleep.
<h3>What means trade-off?</h3>
The Definition of trade-off is known to be the act or the process that is used in equalizing the factors all of which are not able to achieve at the same time such as the trade off between studying and sleep.
Note that the term trade-off is seen as a point where there is a situational decision that entails the act of lowering or losing one quality, quantity and even property so that one can be able to get other aspects or things,
Therefore, Since the student comments to his roommate that the only way he will be able to pass his final exams is to not sleep for the next three days, one can say that the statement suggests that option c) there is a trade off between studying and sleep.
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A student comments to his roommate that the only way he will be able to pass his final exams is to not sleep for the next three days. This statement suggests that a) students are more concerned about good grades than health b) society should value sleep more c) there is a trade off between studying and sleep d) society should value good grades more than sleep
Answer:
The correct answer is profit of $2.3 by selling it in Mexico.
Explanation:
According to the scenario, the computation of the given data are as follows:
In the United states Cost of shoes = $45
In Mexico, Cost of Shoes = 430 Pesos ( where $0.1100 = 1 pesos)
So, 430 Pesos = 430 × $0.1100 = $47.3
So, we can calculate the profit to sell in Mexico as follows:
Profit to sell in Mexico = Sell price in Mexico - Sell price in US
= $47.3 - $45
= $2.3
So, the arbitrage opportunity exist by buying the shoes in Pesos and selling it in Mexico, one can make a profit of $2.3 per shoes.
