In a statement to gillettersquos shareholders chairman and, Ask an Expert

Economics

In a statement to Gillette’s shareholders, Chairman and CEO James Kilts indicated, “Despite several new product launches, Gillette’s advertising-to-sales declined dramatically . . . to 5 percent last year. Gillette’s advertising spending, in fact, is one of the lowest in our peer group of consumer product companies.” If the elasticity of demand for Gillette’s consumer products is similar to other firms in its peer group (which averages -3.5), what is Gillette’s advertising elasticity?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91921120

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