Shawn 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?

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:

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).

answer; test-retest;

a recipe serves 8 people, and calls for 5 lbs of apples and 2 cups of flour. you want to prepare it for 24 people. divide 24 by 8 to get 3, and then multiply your ingredients by 3.

so for 24 people, you'll need 15 lbs of apples, and 6 cups of flour.