Thesaurus - Automotive

In 1990, General Motors capitalized on consumer's intense dislike of the auto purchasing process and introduced the Satur

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

n. Saturns were, and are still, sold at a flat price with no dickering, dealing or haggling. Today, almost 25% of car buy

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

Examples of combination products may in

rs purchase vehicles from flat price, or no-haggle, dealerships. But are they truly saving money?

At no-haggle dealershi

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

ps, cars are priced at a flat rate that typically includes a standard options package and a built in profit for the deale

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

. Additional options may be sold in flat-rate packages or a la carte. At regular dealerships, cars are displayed with a M

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

Combination pro

nufacturer's Suggested Retail Price but everything including options, warranty, financing and dealer profit is negotiable

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

.

Research has shown that educated consumers pay much less for cars at regular dealerships than at no-haggle dealerships

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

This is because regular dealers set average profit goals over time. For example, if they sell five cars, the average pro

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

it per car should be a certain amount, say $1,000. That means of those five cars, three could sell for $1000 profit, but

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

the dealer could make $2000 and $0 profit on the remaining two cars and still hit their goal. At a no-haggle dealership,

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

he profit goal is fixed per car, meaning that while you will not pay $1000 more because you have poor negotiating skills,

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

Following aspects would a

you will also not save $1000 if you have good ones.

There are certain people who historically do benefit from purchasing

dd to the challenges in developing combination products:

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

cars from no-haggle dealerships. Young adults, women and minorities in particular, have historically paid higher prices

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

han other groups at regular auto dealerships and may benefit from no-haggle pricing. In fact, reacting to the trend of mo

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

e and more young people turning to no-haggle dealerships for their automobile purchases, Toyota introduced the Scion in 2

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

003. The Scion is a small car that comes with trendy options packages and is priced and marketed directly at young people

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

Professional from academic institutions, pharmaceutical industries, health care indust

who don't want to negotiate to purchase their car.

Therefore, if you are willing to do the research and confident in you

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

negotiation skills, you will almost certainly save money at a regular dealership unless you want a Saturn or Scion. Then

.

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

you'll have to pay the same price as everyone else. However, if you're timid, too busy to research or spend time making

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

Companies that provide selfless information through particip

deal, or in one of the groups that historically are offered worse deals, you may be better off at a no-haggle dealership

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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