Benefit= Price Inelastic

Question 1

1

Answer 1

Through R&D (say how in context)

Question 2

2

Answer 2

This would differentiate their products from rivals a such as…

Question 3

3

Answer 3

Therefore, customer are likely to stay loyal as they know they can’t get the same products from competitors

Question 4

4

Answer 4

Making them more price inelastic so they can charge higher prices without demand falling significantly

Question 5

5

Answer 5

Leading to increased revenue

Question 6

6

Answer 6

Increase gross profit margins