Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Business Case Marketing Ethics Tailor Made Compounding: Fraudulent Drug Claims Nov 2020 Source: Business Ethics Case Analyses - Heather Salazar Tailor Made Compounding is a

Business Case Marketing Ethics Tailor Made Compounding: Fraudulent Drug Claims Nov 2020 Source: Business Ethics Case Analyses - Heather Salazar Tailor Made Compounding is a company who has always worked in categories like anti-aging, sleep solutions, and aesthetic dermatology - until recently. With the hysteria of COVID-19 providing an opportunity for pharmaceutical companies to profit significantly from any progression in vaccines or treatments, Tailor Made Compounding seized the opportunity. However, the way they took advantage of this opportunity was nowhere near ethical. For one, their research and compounding never had to do with infectious diseases and for them to take something on like this was well beyond their reach. They made claims that their compounding was a safe and FDA approved treatment for COVID-19 when the FDA had never approved their treatment and it was never proved to actually have any success in treating the virus. Many laws protect the general public from money-hungry companies like this but it took some time and probing from the subcommittee of Economic and Consumer Policy and outrage across the country for there to be an official investigation done by the FDA and FBI. Because of Tailor Mades actions many people went about their lives thinking they were immune to COVID-19 when in fact they could have been the most dangerous people to be in contact with since they were likely taking significantly less precautions to stay safe and/or stop the spread of the virus. COVID-19

Business Case Questions

1. Would a Kantian think this is ethical? If yes explain why - If no explain why not -

2. Would a Utilitarian think this is ethical? If yes explain why - If no explain why not

3. Do you believe Tailor Made Acted Ethically? If Yes why? If No why?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project management the managerial process

Authors: Eric W Larson, Clifford F. Gray

5th edition

73403342, 978-0073403342

More Books

Students also viewed these General Management questions