Three Key Functions for a Firm That Competes on the Basis

question 20

Multiple Choice

Three key functions for a firm that competes on the basis of its technology are

• A) supply agreements, employee recruitment, and contracted services
• B) research and development, joint ventures, and assembly
• C) patents, technical publications, and employee recruitment
• D) research and development, component supply, and service

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Definitions:

Loan

A financial amount given as a loan, anticipated to be returned with interest.

Rate of Return

The increase or decrease in the value of an investment during a set timeframe, represented as a percent of the investment's original price.

Equivalent Value

The worth of an item, service, or amount in terms of another, often used in comparisons or exchanges.

Compounded Semi-annually

The process where interest is added to the principal sum of an investment or loan twice a year, resulting in interest earning interest.