GS4 · 20 marks · 250 words
You are the CEO of a pharmaceutical company that has monopolized the manufacture of an anti-allergen device, which is used by millions who suffer from different kinds of allergic reactions: life threatening as well as non-threatening. Your company that was initially facing significant losses has increased the price of the device and since then has been witnessing huge profit margins. While the stakeholders of the company are pleased with your decision, there is a public backlash against the price rise. Politicians too have begun criticizing the policies of the company. 20 (a) What are the ethical issues involved? (b) Enumerate the values that are under question in the mentioned scenario? (c) As the CEO of the company, would you retrospectively change your decision in light of the public backlash?
Answered by 1 topper · CSE 2017
Syllabus: Case Studies on above issues.
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