Description: The price of a critical Tuberculosis drug shot up by 2,000% overnight—it seems this jump was for no apparent reason. This has alarmed the medical circle. Source: CBC Date: September 21, 2015 Video Link: http://www.cbc.ca/player/News/Business/ID/2675886765/?page=2 Questions for Discussion: Why did the Tuberculosis drug price shoot up by 2,000%? What role should the government play… Read more »
Posts Tagged: Social Responsibility Strategies (pp108-109)
Companies find sneaky tactics to increase prices
Description: Consumers do not want to see price increases in grocery stores – So how do companies increase their prices without annoying the consumers? Instead of increasing price, companies reduce the size of the item without reducing the price or the packaging. Source: CBC Date: March 20, 2015 Video and Text Link: http://www.cbc.ca/player/News/Business/ID/2659792798/ Questions for… Read more »
Alberta oilsands among the costliest energy projects in the world
Description: A new report by a London-based financial think-tank that focuses on climate risk ranked Alberta’s oilsands as one of the world’s costliest energy projects in the world; if the oil prices don’t rise, some of these projects could be cancelled. Source: Financial Post Date: August 15, 2014 Link:http://business.financialpost.com/2014/08/15/albertas-oil-sands-among-riskiest-energy-plays-in-the-world-report-says/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+FP_TopStories+(Financial+Post+-+Top+Stories)&__lsa=05b8-943d Questions for Discussion: How will this… Read more »
The Costs of using Credit Cards in Canada
Description: The Canadian Competition Bureau argued that Canada’s credit card system is a “perverse” place where Visa and MasterCard shoppers charge merchants much higher fees. They argue that Canadian merchants pay among the highest fees in the world for accepting credit cards. The merchants pass some of the higher fees to consumers who end up… Read more »
SNC-Lavalin on Libya
Like many other entities conducting business in Libya, Montreal-based SNC-Lavalin took action to evacuate employees from the country. The company took an additional step of indefinitely removing Libyan projects, representing close to 7 percent of its revenues, from its order backlog. QUESTIONS: Review the definition for corporate social responsibility in your text. In what ways… Read more »
