1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
leonid [27]
3 years ago
7

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?
Business
1 answer:
Vikki [24]3 years ago
6 0

Answer:

The answer is: Bargaining power of suppliers

Explanation:

Michael Porter developed his Five Forces Framework as a management tool for analyzing competition. It is divided into:

  1. Threat of new entrants
  2. Threat of substitutes
  3. Bargaining power of customers
  4. Bargaining power of suppliers
  5. Competitive rivalry

Bargaining power of suppliers: Pressure suppliers can exert on its costumers (individuals or organizations) by raising prices, lowering quality, or reducing availability of their products. When suppliers are strong enough to pressure their customers, usually the buyers will end up paying higher costs due to; higher prices, lower quality or reduced availability of the product.

In this case, since ABC Pharmaceutical is the leader in cancer fighting drugs, they will use their dominant supplier position to raise the price of their product affecting their customers (patients, insurance companies, other health care organizations).

You might be interested in
Paying attention to the trends that might impact your future career is called?
salantis [7]
I think the answer would be futurecasting. It is one method used in strategic planning. It involves the practice of perceiving what you future might be looking at present trends and how would this affect the future. Hope this answers the question.
7 0
3 years ago
Sara Beth made annual deposits of $5,000 in an account that paid 4 percent compounded annually. How much money should be in the
dalvyx [7]

Answer:

$60,030.54

Explanation:

In this question, we use the FV formula that is presented in the spreadsheet.

The NPER shows the time period.

Given that,  

Present value = $0

PMT = Monthly payments = $5,000

NPER = 10

Rate of interest = 4%

The formula is presented below:

= -FV(Rate;NPER;PMT;PV;type)

So, after solving this, the future value is $60,030.54

8 0
3 years ago
Prepare general journal entries to record the following transactions for the Harris
Mama L [17]
Im not quit sure srry
5 0
3 years ago
Characteristics of evaluation do not include
Fed [463]

Characteristics of evaluation do not include : C. using techniques that measure results against established objectives.

In a research study the base are the objectives. Due to, this are the goals for your work. So, when you are evaluating something, you could never use a technique that meause the results against the stablished objectives. It is a nonsense way of evaluate.

Also, you should choose a correct method of evaluation in line to the objetive of your evaluation. Everything should be based on your objetives.

This question was answered base on "Principles for the evaluation of research " from Ghent University.

7 0
3 years ago
On January 1, 2017, Dagwood Company purchased at par 6% bonds having a maturity value of $300,000. They are dated January 1, 201
statuscvo [17]

Answer:

Dagwood bonds receivables   300,000 debit

                             Cash                              300,000 credit

--to record purchase of bonds--

Interest receivables                     18,000 debit

           Interest revenue                               18,000 credit

--to record accrued interest on dagwood bonds--

Cash                                              18,000 debit

         Interest receivables                            18,000 credit

--to record collection of interest--

Explanation:

as the bonds are purchased at par we pay for the same as the face value

interest for the year

principal x rate

300,000 x 6% = 18,000

at December 31th the interest are receivables as we didn't collect the cash yet

Then, on january first, we receive the cash and write-off the receivables

4 0
4 years ago
Other questions:
  • Matrix, a high-end manufacturer of men's cologne, charges high prices for its cologne because customers associate high prices wi
    6·1 answer
  • If an industry consisting of two firms produces a total of 12 units, the market price is $10. If 13 units are produced, the pric
    10·1 answer
  • Ace Company is a retail store. Due to competition, it is having trouble selling its products. Thus, inventory has been building
    12·1 answer
  • Depreciation Methods Clearcopy, a printing company, acquired a new press on January 1, 2019. The press cost $173,400 and had an
    5·1 answer
  • Question 6 unsaved budd, the purchasing agent of lake hardware wholesalers, has a relative who owns a retail hardware store. bud
    15·1 answer
  • This paragraph explains the activity of a holding company. Can someone please explain this in simple terms.
    11·1 answer
  • Why should every school have a library​
    12·1 answer
  • A restructuring of operations that ____ the difference between a foreign currency's inflows and outflows may ____ economic expos
    12·1 answer
  • Scenario: Elly owns a small coffee shop. She has only one employee. One weekend, she decides to take a break from work. She is w
    8·1 answer
  • Does anybody know this \
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!