5.2 Periods of inflation require firms to alter their marketing mix. Suppose a recent economic forecast predicts

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5.2 Periods of inflation require firms to alter their marketing mix. Suppose a recent economic forecast predicts that inflation will be almost 10 percent during the next 18 months. Your company manufactures hand tools for the home gardener. Write a memo to the company president explaining how the firm may have to alter its marketing mix.

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