From the data in Table 5.5 about demand for smart phones, calculate the price elasticity of demand from: point B to point C, point D to point E, and point G to point H. Classify the elasticity at each point as elastic, inelastic, or unit elastic. Points P Q A 60 3,000 B 70 2,800 C 80 2,600 D 90 2,400 E 100 2,200 F 110 2,000 G 120 1,800 H 130 1,600 Table 5.5
UGBA10 – MOD 3 TOPHATQUESTIONS IN CLASS 2. An example of a functional business strategy for In-N-Out Burger would be: a. Plans to grow the size of the company by opening up new restaurants. b. Creating a mission statement that shows a company's competitive advantage. c. Making the best-tasting burgers possible to maximize customers' enjoyment of the food. d. Setting business targets that can realistically be achieved.