Price Elasticity Affects

question 42

Multiple Choice

Price elasticity affects:

• A)the demand for a product.
• B)the product production limits.
• C)the sponsorship potential.
• D)customer service.
• E)the zone of tolerance.

---

Definitions:

Scope of Strategic Fit

Refers to the alignment between an organization's strategies, resources, and capabilities with the external environment to achieve competitive advantage.

Uncertain Demand

The unpredictability of customer demand due to various factors such as market trends, seasonality, and economic conditions.

Supply Chain

A network of businesses and activities involved in the creation and delivery of a product or service from the raw material stage through to the end customer.

Scope of Strategic Fit

Concerns the alignment between a company's operational capabilities and its strategic goals, ensuring that operations are geared towards achieving long-term objectives.