DQ: Pricing decisions of generic drug manufacturers
*Using the New York Times article, “Defiant, Generic Drug Maker Continues to Raise Prices,” conduct further research on the pricing strategies of generic drug manufacturers. In 750-1,000 words, analyze the pricing strategies and discuss the following:
1.Discuss the pricing decisions of generic drug manufacturers.
2.Evaluate the impact competitors and additional economic factors have on the results of the generic drug pricing strategies. What factors contribute to the advantages and disadvantages of various pricing strategies?
3.Discuss the social and financial implications of generic drug pricing decisions for various groups of stakeholders. What would be the socially optimum pricing strategy for the United States? What would be the socially optimum pricing strategy globally?
**You are required to use at least three academic references to support your reasoning for the team selection process.
***Prepare this assignment according to the APA guidelines.
****You will be graded on:
1. Pricing Decision of Generic Drug Manufacturers: A discussion of the pricing decisions of generic drug manufacturers is extremely through and includes substantial supporting details.
2. Competitor Impact and Additional Economic Factors on Pricing Strategies: An Assessment and description of the impact of competitors and additional economic factors on generic drug pricing strategies are extremely through and include substantial supporting details.
3. Advantages and Disadvantages of Various Pricing Strategies: A description of the advantages and disadvantages of various pricing strategies is extremely through and includes substantial supporting details.
4. Social and Financial Implications of Generic Drug Pricing Decision for Various Groups of Stakeholders: A description of the social and financial implications of generic drug pricing for various groups of stakeholders is extremely through and includes substantial supporting details.
5. Socially Optimum Pricing Strategies for the United States and other Countries: A description of socially optimum pricing strategies for the United States and other countries is extremely through and includes substantial supporting details.
6. Thesis Development and Purpose: Thesis is comprehensive and contains the essence of the paper. Thesis statement makes the purpose of the paper clear.
7. Argument Logic and Construction: Clear and convincing argument that presents a persuasive claim in a distinctive and compelling manner. All sources are authoritative.
8. Mechanics of Writing (includes spelling, punctuation, grammar, language use): Writer is clearly in command of standard, written, academic English.
Defiant, Generic Drug Maker Continues to Raise Prices
Read “Defiant, Generic Drug Maker Continues to Raise Prices,” by Morgenson, from the New York Times (2017).
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DQ: How do generic drug producers set their prices?
DQ: How do generic drug producers set their prices?
*Conduct additional research on generic medicine pricing methods using the New York Times story “Defiant, Generic Drug Maker Continues to Raise Prices.” Analyze the pricing tactics in 750-1,000 words and examine the following:
1.Discuss generic medication producers’ pricing policies.
2.Compare and contrast the effects of competitors and other economic factors on the outcomes of generic medicine pricing schemes. What factors influence the benefits and drawbacks of different pricing strategies?
3.Consider the social and financial consequences of generic medicine pricing decisions for various stakeholder groups. What would be the socially optimum pricing strategy for the United States? What would be the socially optimum pricing strategy globally
