The Long term Trend in Document Pricing is Down?
The point of this paper is to identify ways to make the firm more efficient (and therefore more profitable) by finding ways to reduce the costs of document preparation. Figure 1 in Implications of Cost Reduction shows how these costs might go down over time. I’ve suggested that some of these cost savings could be passed on to the client. The result is that a client buying a particular agreement in 2006 should pay less for it than if they bought it in 2003. This result is entirely consistent with the natural dynamic of document pricing, which is that a document becomes less valuable over time (even as it improves).
Related Questions
- I had a designer use the term ake-off when referring to pricing wallpaper verses another type of treatment, such as a faux finish. What exactly does this mean?
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