All of the states participated
The strategy an organization employs to manage its operations across several industries and several markets simultaneously is called Corporate-level strategy.
<h3>What is the
Corporate-level strategy?</h3>
A corporate-level strategy is a decision made to achieve a competitive and strategic advantage by selecting and managing a diverse set of firms that compete in a variety of sectors or product marketplaces.
- A business organization is a business environment where business activities take place.
The three levels of strategy utilized in a business organization are:
- Business level strategy
- Functional level strategy
- Corporate level strategy
Therefore, we can conclude that the Corporate-level strategy is the strategy that an organization employs to manage its operations across several industries.
Learn more about the Corporate-level strategy here:
brainly.com/question/24845876
Answer:
price floor, causing excess supply in the market.
Explanation:
A number of states have a minimum wage that is higher than the federal minimum. In those states that impose such a minimum wage, it is more likely that the minimum wage acts as a binding price floor, causing excess supply in the market.
A price refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.
Price control can be defined as standard restrictions or regulatory conditions that are typically set and enforced by the government of a country.
This ultimately implies that, price controls are used to impose the minimum and maximum prices set by the government, which are to be charged for various goods and services in the market. This minimum price that can be charged such as minimum wage is known as price floor while the maximum price that can be charged such as rent control is known as price ceiling.
Answer:
Option (B) is correct.
Explanation:
Consumer surplus refers to the benefit or surplus that a consumer get from purchasing the product. It is the difference between consumer's willingness to pay and the selling price of the product.
If the outcome of this difference is positive then there will be a consumer surplus and if the outcome of this difference is negative then there will be no consumer surplus.
Total consumer surplus:
= consumer surplus for Jung + consumer surplus for Eddie
= ($85 - $70) + $0
= $15
Eddie has zero consumer surplus because selling price is higher than his willingness price for the jacket.
Answer:
Three elements that can contribute to greater complexity are:
- Different legal systems in each country
- Difference in income in each country
- Cultural differences in each country
Explanation:
A company like Spotify is affected by each one of this elements when trying to expand internationally. For example, Spotify has to take into account the legal differences in each country before starting operations: from intellectual property law, to corporation law, to criminal law even.
Spotify also has to cater to different income levels in each country: for example, by lowering the price of subscriptions, or simply by targeting only those who have a high enough income to pay for Spotify.
Finally, cultural differences are also important for Spotify. For example, in some countries like Japan, the average person listens to local Japanese music, so Spotify will try to offer more of that.