After news reports that pharmaceutical giant Merck was aware that its arthritis-fighting drug Vioxx may cause heart problems,the firm's stock plummeted and hundreds of lawsuits were filed against the company.This demonstrates what can occur if firms ignore

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The scenario described highlights the importance of social responsibility. Merck's failure to disclose potentially harmful side effects of their product to the public demonstrates a lack of consideration for the social impact of their actions. This resulted in a significant loss of trust among consumers and investors, as well as legal repercussions.

After News Reports That Pharmaceutical Giant Merck Was Aware That