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Cathy started her own line of custom made, hand embellished wedding shoes. She opened up her own shop and paid $2500 in fixed licensing fees. She used about $3000 in raw materials and made $3500. At the end of the first month, Carly, her sister looked at her financials and told her that she was losing money and should shut down. Cathy is heartbroken. As an economics guru, what would you advise her to do and why?
Prescott Pharmaceuticals makes a number of generic versions of drugs. When Cymbalta (Duloxetine) lost its patent, Prescott invested $500,000 to obtain FDA approval and $100,000 to certify one of its production lines for its production. Construction of the production line for the drug will cost $2,000,000. Marginal costs for the tablet are $0.10 and they sell for $0.40 per tablet. But many firms have entered and now make Duloxetine causing sales to fall off. Prescott anticipates that it could use this production line for other drugs losing patent protection shortly. If forecasted sales are 5 million tablets, what is the breakeven price? Should Prescott discontinue selling this product?
Doing a paper Business news or journal article. Choose an article that addresses an Ethics in Purchasing and/or Supply Management topic. Within the context of Project Procurement and Contract Management, prepare a three page double-spaced typewritte..
Describe the-two state model for credit ratings under the real world measure.
How is the financial plan and budget related to a company's strategic plan? - How do the various functional departments of an organization use financial planning?
The doctor orders a Pitocin infusion at 10 milliunits per minute (mU/min) via IV pump for labor induction. Available is Pitocin 20 units in 1000 milliliters of Lactated Ringers. Using an IV pump how many milliliters per hour should the IVP infuse..
Explain how both positive and negative consumer attitudes toward a brand like Porsche develop. Explain how might Porsche change consumer attitudes towards the brand?
As the new human resource manager of a multimillion-dollar service organization, you have been provided with a job description for new responsibilities.
What is the supply chain for your prospective organization as well as where does your organization bring value in this supply chain?
Class, define the term feedback. Why is feedback essential for problem solving in any system? Please provide an example of feedback in a TQM context.
This week the Final Project is designed to give you an opportunity to analyze a quality improvement program. You will analyze data related to benchmarks and national standards and suggest two goals for initiatives that address any deficiencies/opp..
positive and negatives aspects of offshoringsummarize the positive and negative aspects of offshoring and state whether
Why does the market fail in the presence of an externality.
What is the primary difference between financial statement analysis and operational analysis?
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