If a Construction Boom Leads to an Increase in the Price

question 49

Multiple Choice

If a construction boom leads to an increase in the price of lumber, how will the higher lumber prices influence the wood furniture market?

• A) The demand for wood furniture will decline, and furniture prices will fall.
• B) There will be a shortage of wood furniture.
• C) There will be a surplus of wood furniture.
• D) The supply of wood furniture will decline, and furniture prices will increase.

Grasp the balance between centralization and decentralization in global strategy and management.

Understand the role of public pressure and international organizations in enforcing corporate codes of conduct.

Identify the effects of corporate strategic decisions on labor relations and bargaining power.

Comprehend the principles of the shareholder-value movement and its implications on corporate practices.