A Local Pharmaceutical Firm Has Just Announced Its Discovery of a Revolutionary

question 13

Multiple Choice

A local pharmaceutical firm has just announced its discovery of a revolutionary new drug for dieting.However, due to its deteriorating relationship with its union, the unionized portions of the company's employees have threatened to strike.In addition, the company's stock has started to drop due to the firm's difficulty in paying off some of its debt.In this example, what was the firm's core competency(ies) ?

• A)Its research and development.
• B)Its human resources abilities.
• C)Its financing activities.
• D)Its operating activities.

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Definitions:

Hourly Wage

The amount of money paid to an employee for one hour of work.

Leisure

Time free from work or duties, which can be used for relaxation, hobbies, or cultural activities.

Substitution Effect

The transformation in purchasing decisions resulting from changes in the relative pricing of goods, compelling consumers to replace one good with another.

Hourly Wage

The amount of money paid to an employee for each hour of work performed.