Peter’s Pills is the only chemist in a small town. Peter’s is located near the train station and gets a significant portion of its business from travellers changing train lines. The demand for toothpaste by local customers and travellers is given by the table below.

Peter’s can buy toothpaste from a wholesale supplier for $2 per tube.

To maximise its profits, Peter's should offer a discount (the difference between the price charged to travellers and the price charged to locals) equal to $_

The decision to open a new factory in a remote regional area will provide much needed jobs and improve the economic well-being of the community. However, an environmental survey shows that there will be negative impacts on the local environment including several rare and endangered species. 

Which of the following best describes a Utilitarian approach? 

Which of the following options most accurately characterises the fundamental emphasis of the deontological approach in decision-making processes? 

Consider the Week 5 case study, Life, Death, and Property Rights: The Pharmaceutical Industry Faces AIDS in Africa 

You are the CEO of a pharmaceutical company that has developed a potentially life-saving drug for treating AIDS. The drug is highly effective and has the potential to make a significant impact in regions with a high prevalence of the disease, such as Africa. However, the production costs of the drug are substantial, and it is currently priced at a level that makes it unaffordable for many people in Africa. 

According to deontological approaches in business decision making, what should be your primary consideration when determining the pricing strategy for the AIDS drug in Africa? 

Pharmaceutical companies need to consider different laws when making business decisions.

Which of the following statements best describes the Intellectual Property Law that the pharmaceutical companies need to consider?

Which of the following needs to be applicable to ensure a contract is valid? 

Suppose a study comes out that finds running is the best way to improve your cardiovascular health. At the same time, a surge in oil production sees the price of synthetic rubber drop.

Which of the following graphs reflects these impacts on the

market for running shoes?

Which of the following statements are correctly stated about Corporate Social Responsibility (CSR)? 

Choose two answers.  

Which of the following is NOT covered or a key part of the 13 privacy principles related to Australian privacy law?