Additional information requested for existing/current assignment;
1.Has the performance been acceptable to key stakeholders and consistent with
external environmental demands? (approx 250 words)
2. Executive summary
Prepare a note that explains and examines why it is advantageous for a firm to possess some knowledge of the price, cross and income elasticities of demand for its products. In producing this note, it is important that you only use those terms and descriptors that any person with non-economics background would be able to understand (i.e convert economists’concepts into layman terms).
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