= 27d567bc2d48d9f40e9ccc20ea370b15)
Kawoomba comments on MetaMed: Evidence-Based Healthcare - LessWrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
= 783df68a0f980790206b9ea87794c5b6)
Loading…= b715d02e85f7b3b4ae65ca3d3e450868)
Subscribe to RSS Feed
Powered by Reddit
= f037147d6e6c911a85753b9abdedda8d)
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (191)
Is price ever based on anything other than "this will maximize our revenue over this period of time"?
The terminology you wanted was 'maximize our profit'. And yes, some pricing is based on a goal other than maximizing profit.
I've worked at three jobs where the firm was not even in the ballpark of approximately maximizing profit. The first is now out of business. The second and third were in government.
Government jobs are now going out of business.
You still have to understand the bottom line to be in business, but you don't have to worship it above e.g. employee health and welfare.
For example, it is sometimes based on the goal "Maximize the bonus given to the CEO".
I was referring to corporations with core values that don't involve Laffer peaks of money.
This position wasn't challenged, missed, nor even weakened by my reply. Rather, it was strengthened by the agreement with the actual claim you made.
Sorry; it seemed to me that you were agreeing with the claim I made by subverting the intent. As someone who intends to create and invest heavily into a corporation with goals other than maximizing the taxable investment income I receive, it is a sensitive subject to me.
Exciting (and brave, considering the failure rate). I'm curious... what industry/goal if you don't mind sharing?
Coffee shop/social justice. Its a planned attempt to deinforce class division by making the middle-class investor(s) a little richer while making the working-class employees each absolutely more richer.
I'm currently have someone with the philosophical background but not quite enough business training to serve as general manager. I've figured a low six-digit upfront investment along with a couple years to get a fully-qualified general manager, a couple more hundred $k in capital costs, and another in operating losses each year for four years, leading to a recoup starting eight years after beginning. I've got about half that now, and just need to get my day job adjusted and settled to a better location to oversee the operation and expect to cover the remaining investment out of income. (Before I actually start, I'm going to develop enough of a plan to know how much reality deviates from the plan at any given point)