Corporate level strategy focuses on:

a. what businesses to compete in and how business can be managed to achieve synergy.
b. how the firm can create more value by operating alone.
c. how business can be managed to reduce synergy.
d. how the firm can work as a stand-alone entity.

The sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the price level. suppose firms announce the prices for their products in advance, based on an expected price level of 100 for the coming year. many of the firms sell their goods through catalogs and face high costs of reprinting if they change prices. the actual price level turns out to be 110. faced with high menu costs, the firms that rely on catalog sales choose not to adjust their prices. sales from catalogs will

In the supply-and-demand schedule shown above, at the lowest price of $50, producers supply music players and consumers demand music players.

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided