Tags |
|
|
Links |
|
|
Answers - Rent-to-Own at Three Times the Price
If you had the opportunity to buy a television or a sofa at a price that was three times the suggested retail price, would you d
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
o it? That scenario may seem ridiculous, but thousands of people do just that every day when they sign an agreement at a rent-t
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
-own store. Rent-to-own, or RTO for short, is a system that allows consumers with little or no credit to acquire furniture, ele
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ctronics or appliances by renting them by the week or by the month. At the end of the rental agreement, the renter gets to keep
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
the merchandise. The renter may also agree simply to rent the merchandise for an agreed-upon period of time.
While furniture o
While furniture o
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
appliance rental may be suitable for someone who needs them for only a month or so, it represents an expensive way to buy for s
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
omeone who intends to keep them. A television may seem inexpensive at only $10 per week, but if the agreement requires eighteen
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
months of rental before the customer owns it, the total amount paid will be $780. That would be fine if the television were va
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ued at anywhere near that amount, but in most cases, that $780 will provide a television that sells for only $250 or so at elect
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
ronics stores. The additional $530 goes to the rental company in the form of profit. Expressed as an annual interest rate, som
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
rental fees can exceed 400% annually.
In addition to the rental charges, the customer will also likely have to pay sales tax,
In addition to the rental charges, the customer will also likely have to pay sales tax,
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
elivery charges and possibly return charges if he or she elects not to keep the merchandise. Late payments may also incur a lat
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
e fee, provided that the rental company doesn't elect to terminate the agreement and take the merchandise back altogether. In t
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
at case, the customer has nothing to show for the money invested.
Rental companies point out that for those who have no credit
Rental companies point out that for those who have no credit
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
ards, the RTO concept provides an opportunity to "have it now." That is true, but consumers who have little money would be bett
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
er off either saving that $10 per week and buying the television in six months' time. Alternatively, the consumer could put the
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
television on layaway at a retailer and pay it off over time. Either way, the consumer would save hundreds of dollars in rental
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
fees.
A consumer who needs furniture or appliances for a short time, such as someone on a temporary assignment to another city,
A consumer who needs furniture or appliances for a short time, such as someone on a temporary assignment to another city,
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
might find an RTO agreement useful in order to avoid living in an empty apartment. But anyone who wants to buy furniture, elec
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
ronics, or appliances might be better served by simply saving their money until they have enough to buy the merchandise outright
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.answers.org.ua/article/133894/answers-RenttoOwn-at-Three-Times-the-Price.html">Rent-to-Own at Three Times the Price</a>
BB link (for phorums):
[url=http://www.answers.org.ua/article/133894/answers-RenttoOwn-at-Three-Times-the-Price.html]Rent-to-Own at Three Times the Price[/url]
Related Articles:
What Questions Should You Ask Yourself When Selecting Your Domain Name for Your Home Business?
Whatchya Waiting For - Appoint Yourself the Expert
Bookmark it:
|