Why the firm should raise the price of the product

Reference no: EM13233870

the development of a new product was much lengthier and more expensive than the company's management anticipated. Consequently, the firm's top accountant and financial managers argue that the firm should raise the price of the product 10% above the original target to help reoup some of these costs. Does such strategy make sense, explain.

Reference no: EM13233870

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