Answers - Real Estate

How many times have you heard that curb appeal is half the sale? Why is it that certain ethnic groups are so keen at using tiles and marbles, whereas others prefer hardwoods and plaster?

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

What’s the scoop behind the trend of new construction – more bedrooms, more bathrooms, higher ceiling clearance? What makes a neighborhood trendy? Why is it that fashionable colors, all of a sud

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

en, are no longer fashionable? In essence, what is it that drives innovation and change in real estate?

Gianni Versace (1946 – 1997), perhaps the most famous Italian stylist and designer of con

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

temporary times, and Andy Warhol (1928 – 1987), one of the major figures of the American Pop Art movement, both had an innate knowledge of one of the most profound tenets of economics, that is t

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

e production of wealth comes not simply from labor or raw materials or even intellectual brilliance. It comes from new ways to give people what they want. By matching creativity and desire, the

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

economy will renew itself. Thus, it is imperative to abandon prejudices regarding the sources of economic value.

It follows, that manufacturing and technology generate wealth only when they mak

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

matter and information serve human desire. Desire is the true source of economic value, and the motor behind demand. So, to exploit any market – being fashion design as in the case of Versace o

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

r Pop Art as in the case of Warhol – since people want pleasure, those who bring pleasure will make the economy go, because what is bringing pleasure is anticipated status enhancement. This rule

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

of thumb applies all the more in a big-ticket industry such as real estate.

Contrary to what most of us believe, humans do not make rational decisions, at least not pre-eminently but, rather, t

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

heir conclusions are rooted into deeper sources of motivation located well within the realm of sub-consciousness. Marketers already seem to know a lot about how consumers think, but recent exper

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

ments in neuroscience have captured the full attention of Corporate America and Corporate Japan. New scanning techniques are making it easier to determine how our minds work and creating hopes i

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

the corporate world, that companies can finally figure out how consumers are wired so as to establish new connections with customers. And the field of real estate sales is at the forefront of t

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

his scientific research.

The breakthrough behind all this is the development of functional magnetic resonance imaging or ‘fMRI’, the latest in neuroimaging technology, which displays not only t

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

e structures of the brain but also how they actually function by measuring blood flow. And the corporate world is particularly interested in how neuroimaging can be applied to study empathy, tru

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

st, deception, emotional communication, body language and generally speaking all issues that are central to human existence and interaction. Decision-making is, of course, at the top of the list

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

Research, especially in real estate, indicates that consumers love novelties and, what’s more, can create novelties. Consumers are not mere passive recipients of goods and services but, rather

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

, active producers as well. The reason is that at the basis of production and consumption there is human imagination and desire for novelty. Furthermore, when people actually ‘own’ novelties in

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

he form of goods, they set about to convince others that the possession of such novelties shows that they have achieved a higher status, and that if others were clever enough to do what they did

.

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

or to possess the same things that they have, then the others too could achieve high status and enjoy all the good things that come from it.

The continuous interaction between desire and deman

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

on one side, and production and supply on the other side, is what rejuvenates and regenerates real estate markets through trends and innovation over and over again.

Luigi Frascati

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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