Post a New Question

ECONOMICS

posted by .

Imagine that you manage a company that has invested $5 million in developing a new product, but has not completed development. At the last meeting, your salespeople report that the arrival of new competing products has reduced expected sales of your new product to $3 million. If it would cost $1 million to finish development and make the product, should you do so? What is the most you should pay to complete development? Why? Be sure to explain.

PLEASE HELP!!!!!!!!1

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question