If a product has a close substitute, its demand will likely be: inelastic fixed cross-elastic unitary elastic elastic A firm that plans to use a(n) its product line. ____ will add higher priced, higher quality items to upward product line stretch Olimited-line product strategy cannibalization strategy undifferentiated product strategy downward product line stretch At minimum, a channel of distribution consists of a producer and a(n): diverter customer retailer wholesaler intermediary A retailer that takes a loss on perishable items that do not sell before their expiration date is an example of which of the following channel functions? creating assortments diverting breaking bulk facilitating risk-taking