1. Price elasticity of demand is the important tool for managers in the selling environment in deciding what to put on sale. Suppose you are District Manager of the grocery chain that sells everything like Ralphs or Albertsons. What will you put on sale in the district during Valentine's Day week? You must provide the reasons.
2. As the Manager, the goal is to maximize profit of the business. Suppose you are in charge of managing the company's costs - you are Controller of Accounts and all purchases should be approved by you. With suitable examples, show how you and Division will add to maximizing profit of the business.