1.

1Rewrite (because this is not the answer)

1.2You are not suggesting board at all .scenario asked you to do that
1.3Here talking only about corporate strategy of elite. Here not said about how
elite marketing strategy is connected with their corporate strategy
2.1 BCG (no application of it) Applying BCG
The value and effectiveness

of the model not mentioned in the answer

2.2 price (what is their pricing method, nothing is written)

No application you havent linked positioning with tactics at all
2.3 Again none of the places you are suggesting that board of Elite can go with it
3.2 No need of theory
3.3 No challenges too
4.1 Political factor no meet