Answer and Explanation:
The following theories of profit best explain the profits of pharma companies:
1. Risk bearing - The theory says the higher the risk, the higher the rewards. The pharma companies take huge risks in inventing a new drug, having trials and the getting FDA approvals.
2. Monopoly - If a new drug is approved, the pharma company gets a patent over it, which means that it will have an effective monopoly on that segment of the market.
3. Innovation - it states that innovation is what keeps a company ahead. And pharma industry is built on innovation. Pharma companies have to continuously find new drugs because once patents run out on existing drugs, there are no profits to be made.
Answer:
<u>e-commerce</u>.
Explanation:
When Molave Furniture Company wants to launch a new website to customize the ability for customers to shop online and thereby increase sales, it is an e-commerce promotion strategy.
In order for Lila to be able to effectively promote e-commerce, it is essential that the focus is on optimizing the customer experience, the site must be easily accessible, as well as a logistics service that ensures agility in receiving goods, as well as a efficient after sales service to answer questions and resolve purchase related issues.
Answer: Knowledge Management System
Explanation: The Knowledge Management System refers to a system for the implementation and application of concepts of knowledge management.
These include market growth targets guided by results, a competitive market prototype, application of business analysis, and much more. A knowledge control system consists of various application modules which are managed by a separate functionality.
Most of these technologies, together with the access or exchange of electronic records, can enable data processing about consumer feedback and history. Such systems can help prepare and direct employees, bring better sales or assist business executives in making critical choices.
d selling a quality product
