A manufacturer and marketer of prescription pharmaceuticals decided to raise the price of its anti-malaria drug from $15.00 per dose to $750.00 per dose,a price increase of 5,000 percent.Following a public outcry,the CEO was forced to resign,the company was forced to retract the price hike,and the company's stock price sharply declined.Which of the following has the company incurred?
A) Internal administrative costs but not visible costs
B) Only visible and internal administrative costs
C) Visible and intangible costs
D) Internal administrative costs but not intangible costs
E) Only intangible costs
Correct Answer:
Verified
Q18: Business ethics concerns
A)developing a consensus among companies
Q19: Which of the following is considered to
Q20: According to the school of ethical universalism,
A)universal
Q21: A company that adopts the principle of
Q22: A belief in ethical relativism leads to
Q24: Which of the following should a company
Q25: The essence of socially responsible business behavior
Q26: Which of the following is not something
Q27: Corporate social responsibility (CSR)as it applies to
Q28: Which one of the following is not
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