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Essay's paper info
Topic: |
Business
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Number of pages / Number of words: |
5 / 1212 |
Essay's paper body
These factors will impact on the overall market costs, consumer willingness to purchase the products and advertising and Research and Development (R & D).
ROUND 2
I determined that $5K was a good beginning for advertising and R &D based on the fact that I now had $625K and could afford the additional costs knowing that advertising brings in more customers...
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By spending more in the advertising and R & D, I can introduce my company to the potential clients and set the mindset that my product is a higher quality product over my competition.
My profit this round was greater in that I produced 10 units at $25K each and my production costs totaled $250K. My total price based on competitors and demand was $50K, which equaled $500K in total revenue...
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General points of the essay
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Technology is having an impact in the way we publish products
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