When a Pharmaceutical Company Develops a New Medication, It Typically

question 91

Multiple Choice

When a pharmaceutical company develops a new medication, it typically applies for a patent to prevent competitors from developing copycat products for several years. Pharmaceutical companies apply for patents to establish

• A) an operational excellence macro strategy.
• B) a market penetration growth strategy.
• C) a sustainable competitive advantage.
• D) an efficient supply chain.
• E) product efficiency.

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Definitions:

Psychotherapy

A form of treatment for mental health issues, where a trained therapist uses conversation and other methods to help patients understand and overcome their disorders.

Elderly Patients

Individuals of advanced age receiving medical care or treatment.

Geriatricians

Medical doctors specializing in the care, treatment, and prevention of diseases and conditions affecting older adults.

Symptoms

Indicators or signs of a condition or disease experienced by an individual, such as pain, fever, or fatigue.