Critics Point Out That in the Drug Industry, Where a Pill

question 117

Short Answer

Critics point out that in the drug industry, where a pill costing five cents to make may cost the consumer $2 to buy.This is an example of which of the following?
deceptive advertising
redlining
excessive markups
high-pressure selling
shoddy products

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Definitions:

Bureaucracy

An organizational structure characterized by hierarchical authority, rigid division of labor, and strict adherence to rules and procedures.

Complex Adaptive Systems

are systems made up of multiple interacting components that are able to adapt and evolve in response to changes in the environment.

Ethical Climates Theory

A theory that suggests the moral atmosphere within an organization influences employees' ethical behavior.

Norm

A standard or rule governing behavior that is considered acceptable within a group or society.