A key determinant of the price elasticity of supply is the a. extent to which buyers alter their quantities demanded in response to changes in prices. b. number of close substitutes for the good in question. c. extent to which buyers alter their quantities demanded in response to changes in their incomes. d. length of the time period.

Anheuser-busch inbev is considering you for an entry-level brand management position. you have been asked to prepare an analysis of the u.s. craft beer industry as part of the selection process. prepare a 3-5 page report that includes a description of the industry’s strategically relevant macro-environmental components, evaluates competition in the industry, assesses drivers of change and industry dynamics, and lists industry key success factors. the company’s management also asks that you propose the basic elements of a strategic action plan that will allow the company to improve its competitive position in the market for craft beer. you must provide a heading in your report for each of the required elements of the assignment.