Prahalad and Hamel Use the Term _____ to Refer to a Harmonized

question 27

Multiple Choice

Prahalad and Hamel use the term _____ to refer to a harmonized combination of multiple resources and skills that distinguish a firm in the marketplace.

• A) primary activities
• B) tacit resources
• C) socially complex resources
• D) core competencies

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Definitions:

Collective Bargaining

The process in which workers, through their unions, negotiate with their employers on terms of employment, including wages, hours of work, working conditions, and benefits.

Negotiations

The process by which two or more parties discuss and attempt to reach a mutual agreement on matters of common interest.

Job Security

The likelihood or assurance a person has that they will be able to continue their employment without risk of becoming unemployed.

Industrial Union

A labor union organizing method where all workers in the same industry are organized into the same union, regardless of skill or trade.