Million in research and development

Assignment Help HR Management
Reference no: EM131644939

You are the marketing or pricing director for a large firm. By spending $8.5 million in research and development, your firm has developed a product for treating certain ailments. In addition to the development costs, each set of 30 pills costs you $3.00 to manufacture and distribute. You expect to sell approximately 1 million prescriptions in the US before your patent expires and your sales dwindle to zero. Therefore, total cost per prescription is approximately $11.50. Your international director wants to sell in Canada as well, but price ceilings there limit the selling price to $5 per prescription. Canadian sales will likely be 200,000 prescriptions if you sell at that price. Should you sell your product in Canada? Why or why not?

Reference no: EM131644939

Questions Cloud

Production function is cobb-douglas with parameter : 1. Suppose an economy's production function is Cobb-Douglas with parameter = 0.3.
Define what are some of the risk factors for breast cancer : What are some of the risk factors for breast cancer. What tumor suppressor genes are associated with breast cancer
What are the possible sources of food-borne illness : Based on Scenario 1, what are the possible sources of food-borne illness? How could Martha have sped up the cooling process of the lasagna?
What is the nash equilibrium in the gam : What payoff would Sony get if it chose to switch to HD DVD while Toshiba chose to produce HD DVD?. What is (are) the Nash equilibrium (equilibria) in the game?
Million in research and development : You are the marketing or pricing director for a large firm. By spending $8.5 million in research and development, your firm has developed a product for treating
Review an article in the idaho statesman : According to an article in the Idaho Statesman, a poll taken the day before elections in Germany showed Chancellor Gerhard Schroeder behind his challenger.
Describe the genetic disorder including symptoms : describe the genetic disorder including symptoms, impact on quality of life, and life expectancy. How common is this disorder
Create a web site goal statement : Provide list of 10 competitors' meta key word tags. Create a Web site goal statement - Create title and description tags for your proposed Web site.
Operations beyond an optimum point : How if the government requires them to produce a certain output, like if the firm is the only airline flying between point A & B and consumers wouldn't.

Reviews

Write a Review

HR Management Questions & Answers

  Improve problem solving capabilities within organization

Types of teams as to their effectiveness that will improve problem solving capabilities within organizations.

  Influence tactics help in reducing organizations politics

Explain the different types of influence tactics that will be of a help “if adopted” in reducing the organizational politics.

  Report on citigroup''s hr service level agreement

Human Resources or Human Resource Management deals with HR Service Level Agreement. HR Service Level Agreement is an agreement made between the employer and the employee, which states that the employee would work under any client and sometimes any ti..

  A project report on hrm

Human Resource Management as the name suggests, it is a management discipline which deals with the human i.e. the workforce aspect of organizations. Need and practices of HRM are inevitable in present scenario of extreme competition where "Talent War..

  Hrp: recruitment and selection

Recruitment and Selection is the initial ladder of any Human Resource Planning process and contains an immense significance for any organisation.

  A project report on study of statutory complainces

Statutory compliance and its immense knowledge are crucial to be understood in an organization. It contains all the forms, procedures and acts applicable in a company.

  Operant conditioning and Reinforcement

Operant conditioning is a learning process where behaviour is controlled by its consequences. In this process an individual's behaviour can be modified through the use of positive or negative reinforcement.

  Effectiveness of training programs in achieving customers an

The main motive for conducting this research is to provide broad range of research of the literature and their reviews related to training and development and assisting the employees in providing customers satisfaction.

  A critical analysis of hr processes and practices in fedex c

FedEx is illustrious for its novel HR processes and practices that have greatly accounted for its success.

  Integrating culture and diversity in decision making

People in the organization are known as Google where they share common goals and have common vision.

  Impact of employee attrition on people management in organis

Talent management implies recognizing a person's inherent skills, traits, personality and offering him a matching job.

  Labour dissonance at maruti suzuki india limited: a case stu

This Case Study focuses on various issues related to Labour Unrest at Maruti Suzuki India Limited.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd