According to the Box, "Bad Medicine for Consumers?" the Hypothetical

question 36

Multiple Choice

According to the box, "Bad Medicine for Consumers?" the hypothetical pharmaceutical firm you work for recently increased the price of a chemotherapy drug from $300 to $3,000! What concern associated with capitalism best illustrates this ethical dilemma?

• A) Some businesspeople may let greed guide guide their behavior.
• B) Through the lack of quality healthcare, the number of cancer patients has increased and the demand for chemotherapy drugs is greater than the supply.
• C) Thanks to many different kinds of chemotherapy drugs, there is now a surplus and prices need to increase to make a profit.
• D) The government regulates pharmaceutical costs and can raise or lower the price as it sees fit.

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Definitions:

Continuous Change

An ongoing process of adaptation and transformation in response to evolving conditions and challenges.

Performance Improvements

Performance improvements involve the enhancement of work processes, efficiency, and outputs in both individuals and organizations, often through strategic changes, training, or adopting new technologies.

Product Innovation

The process of developing and introducing new or significantly improved goods or services to meet consumer or market needs.

Practicality

The aspect of being realistic, feasible, and focused on what is achievable and sensible in real-world situations.