In this era of advanced science and technology‚ quality use of medication is garnering increased attention. This is especially so in the government sector which has identified quality use of medication as a chief factor in ensuring reduced cost and quality healthcare in order to make the best possible use of medicines so as to improve health outcomes.[1] Quality use of medicine involves careful selection of management options wisely either by healthcare practitioner or the consumer‚ choosing suitable
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Counterfeits – Business Ethics 1) Explain the link between in rise of globalization and the surge in counterfeit products. From cultural and legal perspective‚ how would you evaluate counterfeiting as an ethical issue for business (a) in the West and (b) in the developing world? What potential solutions could we think of to address counterfeiting? The rise of globalization‚ as everything‚ has good and bad consequences and one of that is the increase of counterfeit products. With globalization
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Why people buy counterfeit brands First of all it is important to say that there are two types of counterfeit product purchases by consumers. Deceptive counterfeiting takes place where the consumer does not know that they have purchased a counterfeit product. In contrast‚ non-deceptive purchases of counterfeit products take place where the consumer willingly buys the counterfeit products. We’re dealing here with the latter type of purchase. If lawmakers and the producers of genuine branded goods
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China’s Counterfeit industry and its global effects Introduction As global most competitive manufacturing hub‚ China attracts many global companies set up production bases. However‚ accompanying with the increasing development of China’s manufacturing industry‚ more and more fake products made in China rushed into market which concerns almost all industries‚ the most affected industries among which are electronics‚ garment‚ handbags‚ cosmetics‚ toys‚ and shoes which are closely related to consumer’s
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"Counterfeit Goods Pose Real Threat; Counterfeit Goods Result in Loss of Jobs as Well as Revenue. But of Even Greater Concern Is the Way This Global Black Market Is Funding Terrorist and Criminal Organizations." CBS Interactive. CBS Interactive Business Network‚ 10 Nov. 2003. Web. 28 Feb. 2012. Textual Support 1: “FBI and customs and border agents estimate sales of counterfeit goods are lining the pockets of criminal organizations to the tune of about $500 billion in sales per year. By midyear
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Counterfeit Money Counterfeit money is currency that is produced without the legal sanction of the state or government and it is a deliberate violation of that country ’s laws. Counterfeiting is almost as old as money itself. The main objective of counterfeiting is obvious. If you could do it without getting caught‚ you would be able to print your own money and buy whatever you want with it. Counterfeiting is the ultimate technology for people who want to get something for nothing. Anybody
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Asia and the Issue of Counterfeit Products October 4‚ 2006 Discussion I. Countries & Products II. Reasons behind the issue 1) Profitability 2) Demand is strong 3) Penalties are low 4) Good way to launder money III. Consequences of counterfeit products 1) Lost revenues 2) Tarnished company image 3) Societal Costs (1) Child Labor (2) Sweatshops 4) Consumer effects (1) Fire (2) Harm‚ death 5) Lost wages and jobs 6) Criminal Activity (1) Terrorist funding (2) Organized Crime
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How to detect counterfeit money On a day to day basis we are constantly dealing with cash‚ most of the time we do not even stop to pay attention to the details and markings that are on these many bills. In fact‚ it is a good chance that maybe; you are holding a counterfeited bill. Counterfeiting money is one of the oldest crimes in history. During the Civil War‚ it is estimated nearly one-third of all currency circulating around the United States‚ was counterfeited. In the next four to six minutes
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global trends. On the other hand‚ there is a trend that is assuming an alarming dimension borne out of greed and desire for quick money. Manufacturing and distribution of counterfeit‚ substandard or “fake” medicine is a monster which must be tamed. According to (Black Law Dictionary‚ cited in Akunyili‚ 2010‚ p.15) the term counterfeit drug may be used to describe a drug produced by an entity other than the genuine manufacturer‚ by copying or imitating an original product without authority or right‚
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ROLE OF NAFDAC IN AIRFREIGHTING IN NIGERIA PRESENTED BY PROFESSOR DORA N. AKUNYILI (OFR) DIRECTOR-GENERAL (NAFDAC) AT A ONE-DAY SEMINAR ON OPTIMISING OPPORTUNITIES FOR AIRFREIGHT IN NIGERIA ORGANISED BY NIGERIAN SHIPPERS’ COUNCIL 24TH AUGUST 2006 INTRODUCTION: It gives me great pleasure to be invited to present a paper at this one day sensitization seminar with Theme Optimizing opportunities in the Airfreight industry‚ organized by the Nigerian Shippers Council for importers/exporters‚ operators
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