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.
Correct Answer:
Verified
Correct Answer:
Verified
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