Question 4(b)
[Maximum number: 12]
Evaluate the usefulness to PPP of elasticity measures when deciding on the marketing mix for the new cheese pies in export markets.

Practise calculating and interpreting elasticity and time-series forecasts and evaluating how far these measures and product-development evidence support marketing decisions.
Evaluate the usefulness to PPP of elasticity measures when deciding on the marketing mix for the new cheese pies in export markets.
Using the data in Table 1.4, calculate the four period centred moving average for Quarter 1 2025.
Evaluate the usefulness of time series analysis to KTJ in making business decisions.
Evaluate the importance of Research and Development (R\&D) to PAIR's future success.