Multiple Choice
Shawn 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
Correct Answer:
Verified
Correct Answer:
Verified
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