Isn't it OK to set your prices too high once you've acquired that "legislated monopoly with guaranteed customers" you mentioned?
----- Original Message ----- From: "Michael Mattias/LS" <mcmlse...@talsystems.com> To: EDI-L@yahoogroups.com Sent: Tuesday, July 2, 2013 1:18:52 PM Subject: Re: [EDI-L] Standards price change? >>You look a a chart containing "unit price," "expected unit sales at this >>price" , "expected unit cost at this price" and select a >>selling price based on maximizing the difference between expected total >>revenues and expected total costs. >Ah, but "expectations" can be tricky to manage and even trickier to meet. NO ONE 'manages' a free market, or mandates certain 'expectations' be met. Last time that was tried... let's see... the Union of Soviet Socialist Republics. Oops, my bad: out of business since '91. You want to be an entrepreneur in a free-market capitalist society? 'Taking a Chance' is kinda fundamental to the whole concept. Set your prices too high? You lose Set your prices too low? You lose. Set your prices just right? You win. Simple, no? MCM ------------------------------------ ... Please use the following Message Identifiers as your subject prefix: <SALES>, <JOBS>, <LIST>, <TECH>, <MISC>, <EVENT>, <OFF-TOPIC> Job postings are welcome, but for job postings or requests for work: <JOBS> IS REQUIRED in the subject line as a prefix.Yahoo! Groups Links [Non-text portions of this message have been removed] ------------------------------------ ... Please use the following Message Identifiers as your subject prefix: <SALES>, <JOBS>, <LIST>, <TECH>, <MISC>, <EVENT>, <OFF-TOPIC> Job postings are welcome, but for job postings or requests for work: <JOBS> IS REQUIRED in the subject line as a prefix.Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/EDI-L/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/EDI-L/join (Yahoo! ID required) <*> To change settings via email: edi-l-dig...@yahoogroups.com edi-l-fullfeatu...@yahoogroups.com <*> To unsubscribe from this group, send an email to: edi-l-unsubscr...@yahoogroups.com <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/