The concept of price elasticity of demand is useful to diamond ring producers because if they know the price elasticity of demand for diamond rings, they can predict how total revenue will change when they change the price of a diamond ring. A. TrueB. False

The company is experiencing an increase in competition, and at the same time they are building more production facilities in southeast asia. in this scenario, the top management team is most likely to multiple choice increase the cost of their products. restructure to reflect a more bureaucratic, stable organization. pull decision-making responsibility from low-level management, taking it on themselves. give lower-level managers the authority to make decisions to benefit the firm. rid themselves of all buffering product.