The Medicines Company, founded in July 1996 by Clive Meanwell, acquired, developed, and commercialized pharmaceutical products in late stages of development. The first product bought by Medicines was Angiomax, an anticoagulant in Phase III trials, from Biogen. This drug is a superior substitute as compared to heparin, the industry standard, because the effects of a dose are predictable, the product works better among patients at risk for bleeding, it works faster than heparin, and the drug has
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decision as to whether or not the idea to construct hotels on the island is a wise one for the hotel chain. A Cost-Benefit Analysis (CBA) and a Financial Justification were developed to determine if the potential negatives of building on the island outweighed the positives. The costs involved with building and furnishing the hotel, employee salaries, property insurance and the routine costs involved with maintaining the property were analyzed against the potential advantages. The owner of Choice
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sales manager, accountant and development engineer the introduction of the competitor, a French firm Henri Poulenc and the plastic ring substitute they produce (Bruns, 2004). The plastic ring produced by Henri Poulenc is created at a fraction of the cost of the steel rings that PWI currently produces, and was found to last four times longer than the steal ring (Bruns, 2004). Many strategies were discussed by PWI’s management team on how to respond to this new competitor along with discussions regarding
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Hello Caroline, This is Shepal from the FP&A group. How are you doing today? Hello Shepal, I am doing well. How can I help you? Well Caroline, I wanted to discuss with you the results of your Dept 1880 Retail Marketing, budget variance vs. actual for Jun 2011. Sure, Let me get my notes out that I had submitted to your group. I emailed you a copy as well with your comments for this review. Did you receive it? Yes, I did Ok, there were 3 main categories where the variance between actual
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multiple substitutes. | | | C) | Absence of complements. | | | D) | None of the above. | | | | | | | | | | | | | 3 INCORRECT | | Opportunity cost differs from accounting costs because of | | | A) | Implicit costs. | | | B) | Accounting profits. | | | C) | Economic profits. | | | D) | Explicit costs. | | | | | | | | | | | | | 4 CORRECT | | Which of the following statements is most likely true regarding economic and accounting profits
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demanded of automobiles will rise e. supply of automobiles will fall Answer: b. quantity demanded of automobiles will fall Explanation: Normal goods are those whose demand increases with increase in income. Now since it is given that the cost of the good rises and all other things remain constant implying that the income is also constant that means the demand will fall as consumer will have less money to buy it. 3) All the following shift the demand curve for automobiles to the right
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Precision Worldwide, Inc. Introduction When a competitor develops and introduces a superior product that is less costly to manufacture and even many times usable and durable, the key to people at Precision Worldwide must decide whether to match the competitor's product, when to do so, how to price or what sustainable competitive advantage it needs to adopt during the next strategic period, given that it holds a large inventory of its now inferior product. This issue concerns the steel and plastic
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consumers as well as on large and small corporations. With regard to the value proposition, HP is trying to please their customers offering a wide range of products, with lower prices, compared with Apple, for example. This gives them an excellent opportunity to attract more clients and a good competition in the market. HP develops the nature of the relationships with its various customer segments focusing on motivations as boosting sales. For example, they suggest to a customer getting their phone
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retailer-generated orders, to determine the quantity of products to be shipped. This did reduce costs in inventory, and labor, but however, it ended up costing P&G more. Then after another test, they decided to expand on CRP innovation. Mass merchandisers generated interest from other retailers in the new process. CRP started with diapers but then expanded rapidly to other products. Not only did this reduce costs, but increased grocery sales as well. 2. How important are the new information technologies
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sunk costs but we should include incremental overhead expenses specific to the project. It is also recommended that General Food account for erosion of Jell-O margins as this reflects incremental costs of the project. It should also account for allocation of charges for the use of excess capacity as an opportunity cost and maybe reject the project as it has a negative NPV We feel that General Foods Corporation ought to go ahead with the Super Project. While we feel the incremental costs approach
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