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A) Georgie wishes to establish a pricing objective for her new company. Georgie wants a pricing objective which is the easiest to implement. Would you
A) Georgie wishes to establish a pricing objective for her new company. Georgie wants a pricing objective which is the easiest to implement. Would you recommend that Georgie use a profit-oriented, a sales-oriented or a status quo pricing objective? Explain your answer in no more than 3 bullet points. 1 mark for a correct answer with valid explanation. B) For most consumers, would the purchase of a vacation trip demonstrate elastic demand or inelastic demand? Please explain your answer in no more than 3 bullet points. 1 mark for correct answer and a valid explanation
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