If Able Drug Company already has a patent on a drug called drug Z27, then they have the rights to charge it higher than cost of production. They do this so that they would gain profit from the drug that they have patented and to be able to expand their business more with it.
Answer:
D) normative control
Explanation:
In business, normative controls refers to the practice of managing human resources using actions that shape their behavior. This type of approach focuses on behavior standards or norms more than on actual written policies. Sometimes the norms can even be informal, but that doesn't mean that they are less important.
In this case, Curtis pays a lot of attention to how his employees treat their customers and trains them to do it a certain way that he considers to be effective.
<span>Sport organizations now seek to make money from “rights fees” paid by: </span>the electronic media that want to sell sport audiences to advertisers.
In every sports match, there is usually a time slot when the match is halted before moving to the next round. This time slot is utilized by the sports organization to be used as an advertisement and will be given to the company with the highest bid.
<u>Answer:
</u>
Unlike Generally Accepted Accounting Principles (GAAP) for accountants, there are not principles, standards, concepts, or values common to business ethics is a FALSE statement.
<u>Explanation:
</u>
- The GAAP has a wide range of applications owing to the unanimous addition of functions to the discipline of accountancy.
- Other than GAAP, certain countries and businesses follow the accounting methods given by 'other comprehensive basis of accounting' (OSBOA).
- Some businesses choose to follow both at once, while the majority choose to follow either of them.
<span>Venn networks, through its unveiling of its new smartphone at a news conference, was using the promotional strategy of publicity. It leveraged having it's top management interact with the media publicly as a way to promote its new product.</span>
