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
Ans: c. professional services pricing
Business
You might also like to view...
Radar, Inc purchased a van on January 1, 2016, for $830,000
Estimated life of the van was five years, and its estimated residual value was $104,000. Radar uses the straight-line method of depreciation. At the beginning of 2018, the corporation revised the total estimated life of the asset from five years to six years. The estimated residual value remained the same as estimated earlier. Calculate the depreciation expense for 2018. A) $145,200 B) $134,900 C) $108,900 D) $72,600
Business
What is satisficing?
What will be an ideal response?
Business