Multiple Choice
The government of Filvia has mandated that the standard minimum wage in the country be increased to $8,000 per year.This has ensured that all firms in the country pay their employees at least $8,000 per year,which has brought about a higher standard of living for the people of Filvia.Which of the following factors in a firm's general environment does this mandate best indicate?
A) ecological factors
B) sociocultural factors
C) technological factors
D) legal factors
Correct Answer:

Verified
Correct Answer:
Verified
Q7: Competitive rivalry based solely on _ is
Q8: In the aircraft manufacturing industry, at least
Q55: Due to economic regression in United Filipia,the
Q57: How do low interest rates affect a
Q58: A new company named Far Reach Inc.entered
Q61: A firm's _ relates to its ability
Q62: Which of the following factors best contributes
Q63: Buyers are highly price sensitive when<br>A) their
Q64: When is the rivalry among existing competitors
Q78: Corner Market Inc. is a supermarket chain.