Financial writer andrew tobias described an incident

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Q. The financial writer Andrew Tobias described an incident that occurred when he was a student at the Harvard Business School: every student in the class was given large amounts of information about a particular firm also asked to conclude a pricing strategy for the firm. Most of the students spent hours preparing their answers also came to class carrying many sheets of paper with their calculations. Tobias came up with the correct answer after just a few minutes also without having made any calculations. When his professor called on him in class for an answer, Tobias stated, "The case said the XYZ Company was in a very competitive industry. Also the case said that the company had all the business it could handle." Given this information, Illustrate what price do you think to bias argued the Company should charge? Enlighten.

Reference no: EM1310517

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