When running a small business, decisions must be made to help ensure profit maximization and continued success. Understanding some of the basic economic principles at work behind the scenes can help ...

When a small business is first getting started, its goal may appear relatively straight forward: to make as much money as possible for its owners. But for a business to be successful long term, a new ...

https://doi.org/10.15609/annaeconstat2009.121-122.45 • https://www.jstor.org/stable/10.15609/annaeconstat2009.121-122.45 Copy URL We consider a duopoly, each firm ...

Avy Punwasee is a Partner at Revenue Management Labs. We help companies develop and execute pricing solutions to maximize profits. Cost-plus pricing has long been a standard method for setting product ...