What is the microenvironment?
What will be an ideal response?
Answer: Actors close to the company that affect its ability to serve its customers
Business
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Which of the following statements describes a price ceiling?
a. A price ceiling is a legal maximum on the price at which a good can be sold. b. A price ceiling is a legal minimum on the price at which a good can be sold. c. A price ceiling occurs when the price in the market is temporarily set at market equilibrium. d. A price ceiling occurs when the price in the market is temporarily above equilibrium.
Business
The factor that most influences the midpoint value is probably
(a) profitability of the firm (b) market value of the job (c) minimum wage legislation (d) desired wage spread
Business