A product that represents a clear technological advance over competing products can generally command a high price. Because technological advances tend to be quickly surpassed and companies want to make large profits while they still can, many companies charge the maximum possible price for such a product. But large profits on the new product will give competitors a strong incentive to quickly match the new product’s capabilities. Consequently, the strategy to maximize overall profit from a new product is to charge less than the greatest possible price.
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Business, 22.06.2019 12:10
This exercise illustrates that poor quality can affect schedules and costs. a manufacturing process has 130 customer orders to fill. each order requires one component part that is purchased from a supplier. however, typically, 3% of the components are identified as defective, and the components can be assumed to be independent. (a) if the manufacturer stocks 130 components, what is the probability that the 130 orders can be filled without reordering components? (b) if the manufacturer stocks 132 components, what is the probability that the 130 orders can be filled without reordering components? (c) if the manufacturer stocks 135 components, what is the probability that the 130 orders can be filled without reordering components?
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Business, 22.06.2019 16:00
In microeconomics, the point at which supply and demand meet is called the blank price
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Business, 23.06.2019 20:00
What would happen in the market for knee replacement surgery if insurance companies started to cover a smaller portion of the cost of the surgery?
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Business, 23.06.2019 21:30
Why is it that reducing the number of moves, delays, and storages in a manufacturing process is a good thing? can they be completely eliminated?
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A product that represents a clear technological advance over competing products can generally comman...
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