Shawn McGill Is on the Executive Board for ABC Pharmaceuticals

question 163

Multiple Choice

Shawn McGill is on the executive board for ABC pharmaceuticals.The company produces the number-one-selling cancer-fighting drug on the market.Due to its incredible success, ABC Pharmaceuticals has decided to increase the cost of the drug from $8 a pill to $15 a pill.Which force is ABC Pharmaceutical using to increase its drug price?

• A)Supplier power.
• B)Buyer power.
• C)Threat of false entrants.
• D)Business power.

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Definitions:

Proportion

A part, share, or number considered in comparative relation to a whole.

Nonconforming Items

Products or outputs that do not meet predetermined standards or specifications.

Samples

Samples refer to a set of data or observations taken from a larger population and used for statistical analysis.

Control Chart

A graphical tool used in process control to monitor, control, and improve the process performance over time by tracking data points against predetermined control limits.