Business, 18.09.2019 05:00 Derp5013

The company that you manage has invested $5 million in developing a new product, but the development is not quite finished. at a recent meeting, your salespeople report that the introduction of competing products has reduced the expected sales of your new product to $3 million. if it would cost $1 million to finish development and make the product, should you go ahead and do so? what is the most that you should pay to complete development of the new product and bring it to market?

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The company that you manage has invested $5 million in developing a new product, but the development...

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