Reference no: EM13774315
Dewey Cheatham is the new Vice President of Marketing for a large online search engine company, Pottstown Innovative Enterprises (AKA, PIE). Dewey has been doing some research into how he can increase the Company’s revenues and thereby really impress the Company brass. During his research he came across an article about Brazilian pharmacies looking for an advertising vehicle to tap into the U.S. consumer market. Further research reveals that this could be a billion dollar venture and if PIE plays its cards right, it could make a substantial amount of money given its extensive advertising network. Dewey is super ecstatic about the possibilities and is salivating over what this could mean for his career with PIE.
Before Dewey pulls the trigger on this, he decides to consult with his legal department. The legal department tells Dewey the following:
1. The shipment of prescription drugs from pharmacies outside the United States to customers in the United States may violate the Federal Food, Drug and Cosmetic Act and in the case of controlled prescription drugs, the Controlled Substances Act.
2. The FDA cannot ensure the safety and effectiveness of foreign prescription drugs that are not FDA-approved.
3. Imported drugs typically do not meet FDA’s labeling requirements and may not have been manufactured, stored and distributed under proper conditions; and may not have been dispensed in accordance with a valid prescription.
4. The government has historically been very lax in enforcing the laws in this area and legally there are a few gray areas; therefore the risk of any prosecution may not be significant.
After the consultation with Legal, Dewey is confused as to what his decision should be. What do you think Dewey should do?
|
What is the difference between decision theory and qualitati
: What is the difference between decision theory and qualitative theory?
|
|
Consider participating in a sealed-bid second price auction
: Assume you consider participating in a sealed-bid second price auction for a vintage car in which the winner of the auction (the bidder who submits the highest bid) only has to pay the second highest bid that was submitted.
|
|
Assume quantity theory of money holds
: Assume quantity theory of money holds with constant K and Kf. Suppose Mexico wants to stabilize the exchange rate of its currency with US dollar (dollars/peso). If US is running a 5% inflation rate solely due to the increase of money supply, what is ..
|
|
Hypothesis identification article analysis
: Use the UOP Online Library or the Electronic Reading Reserve (ERR) to locate a peer-reviewed article that reports original research and pertains to a specific, stated hypothesis that was used to validate a research study.
|
|
Safety and effectiveness of foreign prescription drugs
: Dewey Cheatham is the new Vice President of Marketing for a large online search engine company, Pottstown Innovative Enterprises (AKA, PIE). Dewey has been doing some research into how he can increase the Company’s revenues and thereby really impress..
|
|
You are a newly elected member of congress
: You are a newly elected Member of Congress. It is up to you as to whether you are a Senator or a Representative from your State. You made several important promises during your campaign and now that you have taken your seat, you need to show the cons..
|
|
Explain what the lock-in effect is for capital gains
: Explain what the lock-in effect is for capital gains that are taxed on realization. How can the effect lead to inefficient allocation of capital? b. Explain what a Roth I.R.A. is and show how its availability affects a competitive consumer's budget s..
|
|
Annual premium and deductible
: For an individual with $8,000 in annual drug expenses, how much would he/she pay out of pocket in Medicare Part D under the 2006 rules?
|
|
What is thought to be the most important piece of employment
: What is thought to be the most important piece of employment legislation since the 1964 Civil Rights Act?Vietnam Era Veterans Readjustment act or Americans with Disabilities Act or Sexual Preference Fairness Act or Equal Pay Act?
|