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You are the manager of a small pharmaceutical company that received a patent on a new drug three years ago.
Despite strong sales ($150 million last year) and a low marginal cost of producing the product ($0.50 per pill), your company has yet to show a profit from selling the drug.
This is, in part, due to the fact that the company spent $1.7 billion developing the drug and obtaining FDA approval.
An economist has estimated that, at the current price of $1.50 per pill, the own price elasticity of demand for the drug is -2. Based on this information, what can you do to boost profits? Explain.
Why do companies prepare business plan - Have you ever created or read about a business plan prior to this course?
Health services continue to affect the gross domestic product, and this dramatic transformation has great demands on each dollar spent to deliver patient-centered products.
How would you improve this person's job through rewards or incentives and make sure to include the Job Characteristics Model and Scientific Management in your response.
Explain Compensation and Benefits Please respond to the following - Suggest a key factor to be considered in the creation of a competitive compensation
Define specific similarities and differences from one model to another. Discuss which model appears to be the most comprehensive model of intellectual functioning and why.
important information about optimal order quantitya specialty coffeehouse sells colombia coffee at a fairly steady rate
As a Project Manager, identify a project and establish at least three measures of quality for the project. The measures can be for inputs, processes, outputs, or some other metric you identify as essential to the project. Be specific as to where t..
Apply the industrial organization model and the resource-based model to determine how your corporation could earn above-average returns.
1. If the price of gas increases from $3.50 to $6.00, how will that affect your quantity demanded of gas and other goods and services? What actions would you take in response?
What were the defining traits of these people - what made one better than the other?
The yearly rainfall in California's north valley averages 23-inches. So the rainfall next year will be 23-inches.
Think about two philosophies in training and development: mold the person to the job, and mold the job to the person.
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