Miss Ruby designs and makes large ornaments for grand buildings.

CIMA BA1 Question Answer

Miss Ruby designs and makes large ornaments for grand buildings. She is informed that her range of candle sticks have a price elasticity of-1.2

Which of the following plans would be most appropriate?

Produce more candlesticks

Create more ornate candlesticks which have a higher cost per product

Run an expensive ad campaign in an interior design magazine

Increase the price of candle sticks

BA1 PDF/Engine

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