Price floor.
A floor, in real life, is at the bottom, below you — this then makes sense in business to say that a ‘floor’ represents the minimum value of something — in this case the price of video games.
In real life, a ceiling is above you, indicating that it could be used as a representative of a maximum value of something, like the price of a video game.
So, if we were to say that $120 was the ‘price ceiling’ for video games, then we would basically be saying that $120 is the most a video game could cost. If we were to say that $100 was the ‘price floor’ for video games, we would be saying that $100 is the minimum value that the price of a video game could assume.
Answer:
False
Explanation:
An increase in the demand for notebooks raises the quantity of notebooks demanded and also the quantity supplied
An increase in demand leads to a corresponding increase in supply
If the supply is not raised which will also increase the quantity of notebooks supplied, there will not be enough notebooks to meet the high demand for notebooks which brought about an increase in the quantity of notebooks demanded
A concrete step
Hope it helps!
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
They study earth and the materials it's made from.
