The company has developed a new weight-loss drug that is available only with a doctor’s prescription.The...

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The company has developed a new weight-loss drug that isavailable only with a doctor’s prescription.The drug has somesignificant side effects, but is quite effective for helping peoplelose weight. Because of the side effects, the drug is intended onlyfor persons who are severely overweight. The company advertises thedrug to the public, emphasizing the happiness and beauty that canresult when one is slender. All of the advertisements state at theend “Available only by prescription.” Large numbers of peoplecontact their doctors for the drug. The company makes a huge profitfrom the drug. However, many doctors over prescribe the drug andpeople who have suffered from the side effects begin suing theirdoctors and the company.
Analyze and evaluate whether the company is acting in a sociallyresponsible manner based on each of the following theories:
(a) maximizing profits,
(b) moral minimum and
(c) stakeholder interest.
Discuss each theory give me couple examples! thank you!

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4.2 Ratings (708 Votes)

a Maximizing Profits As per thiscompany is intended to maximize its profits year after year In order to attain this company can try any measures to maximixe its sales revenue and reduce its operating costs As per the case company has developed a useful product advertising See Answer

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