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Describe the elasticity of demand for products

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Reference no: EM131685858

DISCUSSION 1: "Operation Strategy and Competitiveness"

Please respond to the following:

Choose one existing business operation and analyze its strategy. Suggest the competitive priorities that the business used in the development of its operations strategy. Evaluate how well or how poorly the chosen strategy supports that business' vision, mission, and business plan. Provide support for your rationale.

DISCUSSION 2: "Estimating Demand and Its Elasticities"

Please respond to the following:

From the scenario for Katrina's Candies, examine the procedure Herb will use to estimate the demand model developed in the scenario for Week

1. Analyze the elasticity of demand for products within the selected industry relevant to Katrina's Candies. Determine the factors involved in making decisions about pricing these products that you believe to be the most influential.

Reference no: EM131685858

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