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Please help me with following managerial questions, thank you so much. 1. Your company is choosing the price to change for one of its products.

Please help me with following managerial questions, thank you so much.

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1. Your company is choosing the price to change for one of its products. The product provides a foot in the door for your business. (Choosing from options list for each situation: Demand substitutability; Supply complementarity; Higher; Demand complementarity; Lower; Equal; Supply substitutability) a) All else equal, the fact that the product provides a foot in the door, means the optimal price should 1;? b) What term do we use to refer to this type pf product interaction? 2. Briey explain why a budget must be used as an evaluation tool in order for it to be effective as a control device

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