The company is Berger Paint ltd

4. Analysis of the company's The Company Customers or Buyers 1. 1s demand for the company's product/services demand elastic or demand inelastic? Use the determinants of elasticity to justify your answer. 2. Based on the price elasticity of demand explain how price changes could potentially impact the company's revenue 3. Describe the number of buyers relative to the number of sellers in this market, is it easy or difcult for the rm's customers to switch to another supplier? 4. Use the company's product analyze how changes in the prices and changes in income would affect the consumer budget constraint and choice of goods purchase from the rm. 5. Assess the strength/weakness of the rm based on the power of its buyers. (5 slides maximum - 15 marks)