B. To focus on a global market.
State law in Texas posits that local sales tax cannot be more than<u> 2%</u> of the value of sale.
<h3>What does Texas state law say?</h3>
Texas state law allows for counties to charge sales taxes on goods and services sold in those areas.
They however limit the amount of taxes that can be paid to 2% so as not to overburden consumers who will have to bear the tax burden.
In conclusion, this is 2%.
Find out more on local sales taxes at brainly.com/question/802898.
The journal entry for the issuance of the stock for issue of 40 shares at a par value of $20, will affect a credit to Common Stock for $800.
<h3>What is a journal entry?</h3>
The process of maintenance of systematic and chronological records of financial transactions during a given financial period is known as a journal entry.
Hence, option C holds true regarding the journal entry.
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#SPJ1
The question that corporate strategy helps managers understand is where should firm compete?
<h3>What is corporate strategy?</h3>
It should be noted that corporate strategy simply means a unique plan that helps a firm gain competitive advantage over others.
In this case, the question that corporate strategy helps managers understand is where should firm compete? This is important for the growth of the firm.
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Answer and Explanation:
1. Business implication: if there are no trade barriers, it would enable them get better raw materials for their business and increase customer base
Legal anti trust implication: lobbying is illegal in some countries
2. Business implication: this would attract more manufacturers who were not previously members of the association which would in turn promote the goals of the association in improving trade amongst the manufacturers
Legal anti trust implication: associatio may be exposed to legal examination, example increased regulations
3 business implications:sales territories would invariably create a safe and secure investment for manufacturers such that there is less cost of marketing and campaigning as consumers are guaranteed
Legal implications: this is against anti trust laws and goes against free trade policies and illegal monopoly
4 business implications: boycotting this supplier could create an alternative source of raw materials which wouldn't be as efficient and even cost more
Legal implications: boycotting a large supplier such as this who might have a political backing might bring political retaliations from the supplier's political proxies who might create other regulations in the supplier's favour
