Price is the element of a marketing mix with the greatest impact on revenue; the others (distribution, product development and promotion) produce revenue indirectly. Yet, this importance notwithstanding, some publishers establish the prices for their books by following the rule of thumb that says the price should be 8 times printing cost. Others price their…
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When a helicopter is at rest, the dials on its dashboard are all askew with arrows pointing in different directions. But when that helicopter is flying straight and level, with no problems, all the arrows are pointing straight up. The pilot can glance at the instrument panel and quickly see if any dials are out…
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