Reference no: EM131300609
Price Elasticity
You are advising the stakeholders of a small firm that is one of a handful of manufacturers of disposable contact lenses, wetting solution, and other products related to eye care. The stakeholders are wrestling with a proposal to implement a price increase for some, all, or a large number of their products. They all agree that doing so can help offset recent cost increases the firm has experienced, but there the agreement ends.
Some favor a small price increase for products across the board, noting that, from the standpoint of the market, demand for healthcare products is relatively inelastic. Others believe that strategy could backfire, hurting more than helping. Instead, they argue, there are a number of factors to consider-the strength of the economy, their competition, trends in the market for specific types of products, and so on. They believe, therefore, products or types of products should be considered on a case-by-case basis: while a price increase for one product might yield positive results, a price increase for another might wipe out any gain achieved by the first.
What would you say to these stakeholders? Formulate your advice, drawing on course readings, other scholarly sources, and the concept of healthcare price elasticity. Be sure to explain and support your advice by citing sources and providing examples.
|
The required rate of return on the bonds
: Packman Inc issued 20 yer-maturity bonds 8 years ago at par value. The coupon rate on the bonds is 7% paid semi annually if the required rate of return on the bonds is 8.4% what is the valye of the bonds today?
|
|
How can we use the irr to make an investment decision
: All lump sum compound interest equations consist of what four variables? To solve for one variable, how many others must we know? How can we use the IRR to make an investment decision? If the required rate increases, does the present value increase o..
|
|
Describe the operations and management component
: Describe the operations and management component of your plan to how the business functions on a continuing basis - describe your positioning strategy. How you differentiate your product or service from that of your competitors and then determine wh..
|
|
What is the temperature of the cover plate
: Assuming the same oven surface temperature Ts for both situations, estimate the reduction in the convection heat loss resulting from installation of the cover plate. What is the temperature of the cover plate?
|
|
What would you say to these stakeholders
: What would you say to these stakeholders? Formulate your advice, drawing on course readings, other scholarly sources, and the concept of healthcare price elasticity. Be sure to explain and support your advice by citing sources and providing exampl..
|
|
Calculate the heat loss per unit length
: In the two-shield configuration of part (a), the air gaps formed by the annular concentric tubes are L = 10 mm. Calculate the heat loss per unit length if the gap dimension is L = 15 mm. Do you expect the heat loss to increase or decrease?
|
|
Abandon command and control styles of management
: Complex theorists advise organizational leaders to abandon command and control styles of management and instead set global performance targets and establish a few simple rules. This approach can unleash creativity an innovation, but it can also pr..
|
|
Describe the extent of awareness of these regulations
: What aspects of the public health recommendations for household disposal of unused medications did you find surprising?What is the extent of awareness about public health recommendations for household disposal of unused medications? Base your respo..
|
|
Describe the basic communication skills you selected
: Describe the basic communication skills you selected and explain how the effective use of each might be beneficial to professionals within the criminal justice system.
|