Which of the Following Statements Regarding Generic Drugs and Name-Brand

question 72

Multiple Choice

Which of the following statements regarding generic drugs and name-brand pharmaceuticals is false?

• A)Pharmaceutical companies have spent large amounts of time and money in their attempts to reduce competition from generic drugs.
• B)Generic drugs have the same chemical content as the corresponding branded drug.
• C)On average, a generic drug can reduce U.S. sales of a branded drug by as much as 50 percent in the first six months.
• D)Pharmaceutical companies need only to renew the patents they have on certain drugs to protect them from competition by generic drugs.

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Definitions:

Re-Creation

The process of rejuvenating or renewing something, making it fresh or new again.

Frame Breaking

A radical change or transformation in an organization's strategy, structure, or processes to fundamentally alter its course and improve performance.

Contingency Approach

A management theory that suggests the best way to organize or lead is to design the structure and management of an organization based on the current internal and external environment.

Fears

Emotional responses to perceived threats or dangers, which can affect behavior and decision-making.