Entrepreneur Will block has developed and patented engineering science that transforms words to audio files and hopes to leave his current position at High Tech Digital Industries to pursue a problem relating to his invention. However, several(prenominal) strategic business terminations relating to this endeavor hinges on sparing retainers. If Bury moves forward with the project, the following issues must(prenominal) be communicate: Employment and production efficiency, securities industry placement and the picture and hire of his and other similar products.
Strategic Business Decisions
Bury has several factors of production to discover. Bury must consider his scarcity of time, in terms of working another full time job. To date, this has been a garage operation, however, in order to increase production, Bury must either bring on menial laborers or source labor to overseas markets. A high school alumna worker pull up stakes work on a borderline wage labor, necessitated by federal law. Bury must as tumesce pay for workman’s compensation and other insurances and fees, or pay $2 per hour for overseas labor. Either decision will change the final product equal, as well as consumer spending. When production costs rise, Bury’s strength profit margin decreases.
Bury has the benefit of cornering a market with this patented technology; however, he will eventually obtain competition from other similar products or substitutions. The scarcity of supply may be lucrative after a cost breakdown analysis occurs. This should not be a consideration for Bury’s long term standard for planning.
Bury currently uses copyright-protected books and must pay $5 for the rights to the book. His price dodge has been to charge $10 for non-copyrighted books and $15 for protected materials. His monopoly shows a sixer month history for sales totaling 3,000 books. He must consider the market on a long term basis. What trends will consumers develop regarding the use of this technology? If the demand for this product...If you want to take aim a full essay, order it on our website: Ordercustompaper.com
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