Which concept most likely explains why pharmaceutical giant Pfizer offered low-income senior citizens many of its most widely used prescriptions for $15 each per month?
A) the profit motive since aging baby boomers are a large, profitable market
B) the social responsibility concept
C) the necessity of matching competitors' actions
D) new regulatory Medicare mandates as a result of the Affordable Care Act
E) the mandate by its industry's code of ethics

Question

Quizplus · Accepted Answer

Pfizer's decision to offer low-income senior citizens prescriptions at a reduced cost aligns with the social responsibility concept, which involves companies taking actions that benefit society and contribute to the welfare of the community.

Which Concept Most Likely Explains Why Pharmaceutical Giant Pfizer Offered