Pricing - Using elasticity to determine the effects of price changes

Pricing

Using elasticity to determine the effects of price changes, and cost-based pricing. Discuss the importance of considering elasticity in pricing decisions and the danger of relying solely on costs. 

Journal  

No references or citations are necessary.

Additional Details on the grading

Response reflects indepth consideration and personalization of the theories, concepts, and/or strategies presented. Viewpoints and interpretations are insightful. Response demonstrates synthesis of ideas presented.