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Can you answer this marketing question? |
I received the following question in an IMC course. What are your thoughts? you charge between $1 and $2k to give your company 90-95% gross margins on the product. One must keep in mind that for everyone of these that makes it to market, the company has hundreds that fail, causing $billions in R&D that never result in a single penny of revenue. To encourage the company to continue to look for innovative, life-saving solutions, they must be profitable across the sum of all their efforts. The insurance companies would have no problem with this amount, and theere would be no bad publicity. |
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