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Keep in mind that this is an extremely customer-focused product, which means you'll be serving the exact needs of the customer. Would you still make it even though there's a chance the customers might not buy it due to its higher price?
Yes if you tend towards a niche market it'll make sense, or if you can specialize in producing high value customer will recognize and be willing to pay for it.
THIS IS DEPENDING
IF YOU MEAN YOU WILL PRODUCE IN SPECIFIC SPECS FOR EACH CUSTOMER OF COURSE COST WILL BE HIGHER BUT THIS MEANS ALSO YOU ONLY PRODUCE ON DEMAND.
IF YOU TARGET SPECIFIC SEGMENT WITH SPECIFIC NEED YOUR PRICE SHOULD BE REASONABLE BUT AS YOU MEET THE NEEDS FOR THE SEGMENT THEY WOULD BUY YOUR PRODUCT EVEN EXPENSIVE OR NOT.
CONTINUE PRODUCING DEPEND ON PROFITABILITY AND BEST AVAILABLE ALTERNATIVE.
Thanks for the invitation
I think the fact that the long-range plan and consult marketers and experts
it depend on many factors ( what is your industry ? resourses and capablties of your organization )
but Remember that you are selling customer satisfaction not only a product and the customer will tent to buy his satisfction not only the products ( in this case price can be negocated )
Yes I will continue to produce it because customer satisfaction reflects on the company's position and customer confidence
No, Once you have identified and measured your key profit drivers, you should develop strategies to grow them, without increasing costs. Making your business more profitable involves looking at ways to increase sales revenue as well as decreasing your costs and benchmarking your business to see where you can save money.
You should also prioritise the strategies you've chosen to improve your profit so you can focus on the most important ones.
