The price of cranberry juice suddenly increases. as a result, glenda begins drinking more grape juice, which is less expensive, but tastes just as good to her. in this case, glenda’s elastic demand is due to
a. availability of substitutes.
b. relative importance.
c. necessities versus luxuries.
d. change over time.

answer; i do believe that the correct answer is ; ///are valued more highly than their cost;

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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