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dominion
Essay specific features
Written by:
Vada W
Date added:
June 23, 2016
Level:
University
Grade:
C
No of pages / words:
3 / 699
Was viewed:
5173 times
Rating of current essay:
Essay content:
In effect, Dominion must act quickly if they plan on preventing the loss of their current hold on the market.
Possible Solutions:
1. The simplest solution would be to readjust the price of their currently popular and powerful 10-hp motor to that of a 7.5-hp motor. This would place a more powerful motor in competition with the smaller ones...
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This would place a more powerful motor in competition with the smaller ones. Such a solution would be a relatively successful short term solution to the dilemma. Unfortunately, profits would be reduced since the 10-hp motor costs close to two-hundred dollars more that the 7.5-hp motor. Furthermore, profits would be reduced by around six-hundred dollars per unit...
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