________ refers to the misuse of entrusted power for private gain

A) Corruption
B) Counterfeiting
C) Piracy
D) Imitation

A

Business

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Merck & Co., the manufacturer of the AIDS drug Crixidan, distributes exclusively to one distributor, Stadtlanders Pharmacy. The pharmacy has been criticized for charging too high a price for the drug and exploiting inelastic demand. Stadtlanders claims the charges are ethical because of high staffing costs and associated discounts with various health plans. This situation describes issues associated with which of the following?

a. uniform delivered pricing b. flexible pricing c. professional services pricing d. resale price maintenance

Business

Cycle inventory is primarily held to take advantage of economies of scale and reduce profit within the supply chain

Indicate whether the statement is true or false.

Business