How elastic is the product category


Discuss the below:

She wants us to state in each summary how the article can be used in the paper, based off of the outline, like "we could use this in the distribution strategy section of the paper because it shows how walmart's huge distribution network helps them keep costs low" and if you put something "in quotes" it needs the citation (author last name, article year, paragraph number).

Price:

a. What introductory pricing strategy will you usefor your new product(penetration vs.skimming)?Explain how this supports your objectives and strategy for competitive advantage.What specific price do you plan to charge?

b. How elastic is the product category?How do you anticiapte that competitiors will react?

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