A new drug that has shown promise in curing skin cancer has been discovered by a famous chemical laboratory. This is the only known drug effective for treatment of this disease. The laboratory obtains a patent for the product and decides to sell it
This situation is characterized by ________.A) low threat of substitutions
B) high bargaining power of customers
C) high threat of new entrants
D) low bargaining power of suppliers
A
You might also like to view...
Which of the following is a true statement about Integrative Social Contracts Theory?
A. By imposing "hypernorm" limits on the otherwise general acceptance of ethical norms in other cultures, ISCT embraces neither ethical relativism nor ethical imperialism. B. There is a specific and comprehensive set of hypernorms, the violation of which, according to the originators of ISCT, would make a decision unethical. C. Three hypernorms that the authors of ISCT have identified are: respect for human dignity, respect for basic rights, and unqualified honesty in all business dealings. D. In addressing the use of child labor in Bangladesh, Levi Strauss rejected the application of ISCT in favor of ethical imperialism.
Collateralized mortgage obligations are relatively low risk investments
Indicate whether the statement is true or false.