Shawn McGill Is on the Executive Board for ABC Pharmaceuticals

question 130

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

---

Definitions:

High Road

An approach to business that emphasizes fair labor practices, ethical management, and long-term sustainability over immediate profit.

High-Commitment Human Resource

A strategic approach to managing human resources that focuses on employee commitment using integrated practices like empowerment and teamwork.

Short-Term Contracts

Employment agreements that have a fixed duration, often used by companies for temporary projects or seasonal work.

Employee Rights

The legal and moral entitlements that employees have in the workplace, covering aspects like fair treatment, privacy, and safety.