Many U.S. consumers have switched to wireless phones from traditional telephones

A landline is a telephone that transmits signals converted from audio data through physical media, such as wire or fibre optic cable, rather than through wireless transmission as is the case with mobile phones. The term landline is also sometimes used to refer to a dedicated line, which is a permanent connection between two locations. However, in recent years, the term is mostly used to differentiate fixed-line home phones from mobiles. 

There are two basic types of landlines. A corded landline is one that connects to the provider's cabling through a wall jack. The phone base and the receiver (or handset) are connected by a cord. In a cordless landline, the phone base connects to the cabling through a jack but the handset is connected wirelessly. The cordless phone's range is short, basically within the premises. Cordless landlines must also be plugged into the building's electrical system, which means that -- unlike corded landlines -- they don't function in power outages. 

An ongoing trend towards fixed-mobile substitution (FMS), in which users cancel landline services and rely solely upon cellular phone service, has resulted in a sharp reduction in the numbers of landline subscribers. According to a report from the Centers for Disease Control and Prevention, about half of all the households in the United States use cell phones exclusively, while less than eight percent use landlines exclusively.

Cord cutting, a related telecommunications trend, is the act of canceling traditional TV services in favor of other options or canceling landline service in favor of either cellular or VoIP (voice over Internet Protocol) services. 

This was last updated in December 2016

Continue Reading About landline

  • How telephones work
  • Landlines really are a dying breed
  • A closer look at fixed-mobile convergence
  • Why the smartphone won't replace the business landline just yet
  • Next-gen 5G wireless technology means capacity is key

AB
supply The willingness and ability to produce a good or service
law of supply when prices go up; supply will go up
desire for a good or service and the ability to pay for it two factors necessary for demand
If an actress sets off a craze for wearing camouflage clothing amound her fans. What factor is affecting demand consumer taste
A market demand curve a graph showing how much of a product a market is willing and able to produce
Business owners us to gather information for market demand schedules market research
Describes a demand curve slopes downward from left to right
Economics concept:the measure of how responsive consumersare to price change elasticity of demand
The change in the amount consumers will buy because they can buy a different product instead substitution effect
goods that consumers demand more of when their income rises normal goods
Factor: laying off hundreds of workers, and consumers spending in the town falls. income
If quantity demanded does not change significantly when prices changes, how is demand described? inelastic
Demand Factor: Skiers flock to a town in the rockies in January, and restaurant business booms. market size
Various points on a demand curve Represent change in quantity demanded
Demand Factor: Many U.S. consumers have switched to wireless phones from traditional telephone substitutes
Who is a producer? a provider of goods or services
supply schedule and supply curve are related because the supply curve shows the data from the supply schedule in graphic form
Marginal product schedule shows the relationship between labor and marginal product
Variable cost raw materials to make products
You own a small bakery that supplies cheesecakes to local restaurants. Which of the following actions is most likely to help you increase supply quickly? buy a new oven that bakes more cheesecakes simultaneously

Recommended textbook solutions

Statistical Techniques in Business and Economics

15th EditionDouglas A. Lind, Samuel A. Wathen, William G. Marchal

1,236 solutions

Introductory Business Statistics

1st EditionAlexander Holmes, Barbara Illowsky, Susan Dean

2,174 solutions

Fundamentals of Engineering Economic Analysis

1st EditionDavid Besanko, Mark Shanley, Scott Schaefer

215 solutions

Statistics for Business and Economics

13th EditionDavid R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams

1,692 solutions

What term is defined as the change in the amount consumers will buy because they can buy a similar product instead?

Elasticity of demand. What term is defined as the change in the amount consumers will buy because they can buy a different product instead? Substitution effects.

Which is an example of consumer taste affecting demand?

The Tastes and Preferences of Consumers There are all kinds of things that can change one's tastes or preferences that cause people to want to buy more or less of a product. For example, if a celebrity endorses a new product, this may increase the demand for a product.

What two things are necessary for a consumer to have demand for a good or service?

The demand for a good or service depends on two factors: (1) its utility to satisfy a want or need, and (2) the consumer's ability to pay for the good or service. In effect, real demand is when the readiness to satisfy a want is backed up by the individual's ability and willingness to pay.

What factor is affecting demand in a town in the Rockies when skiers flock there and restaurant business booms?

Demand/Supply Review.

Toplist

Neuester Beitrag

Stichworte