Which of the following factors directly affect the elasticity of demand?
a. the other uses of a product
b. the inputs needed to manufacture the product
c. the unavailability of substitute goods
d. a product's warranty
Ans: a. the other uses of a product
Business
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Which strategy should an organization use when its products are currently in the declining stage of the product's life cycle?
A) Divestiture B) Related diversification C) Backward integration D) Unrelated diversification E) Retrenchment
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