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Quiz 1 Chapter 1 1. Pharmaceuticals are arguably the most socially important healthcare product. True 2. Pharmaceutical development is a high-risk undertaking, in which many promising leads prove disappointing. True 3. Pharmaceutical sales are highest in which geographical regions? The U.S., Western Europe, and Japan 4. The U.S. accounts for about 50% of the world’s pharmaceutical revenues. 5. Which of the following has fueled recent growth in the pharmaceutical industry? Population growth and increased life expectancies 6. According to your manual which statement accurately describes the predicted relationship between pharmaceutical companies and genomic research facilities? Partnerships between pharmaceutical companies and genomic companies will not prove immediately profitable. 7. Prescription drug therapy is not cost-effective for insurance companies and healthcare providers. False 8. The high price of healthcare is explained by the high prices of medicines. False 9. One of the oldest and least effective pharmaceutical marketing techniques is DTC advertising. False 10. What influences the number of districts in a region? The region’s population 11. What is an example of the regionalization of healthcare delivery system? California and Florida have different prescription reimbursement policies. 12. The heart of the pharmaceutical sales team is the Regional Managers. False 13. Most DMs did not start as representatives. False 14. How many territories are in a typical district? 8 to 12 15. What is the most effective method for grabbing market share? Comparative selling

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