Multiple Choice
Keith has set up a new burger joint in his locality.He is planning on introducing craft beers and milkshakes to the existing menu.Thus, the customers who visit his joint will have a range of options to choose from.This scenario exemplifies ________.
A) identifying substitutes
B) understanding elasticity of demand
C) benchmarking
D) analyzing industry trends
Correct Answer:
Verified
Correct Answer:
Verified
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