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Scenario D

question 76

Multiple Choice

Scenario D. Use the information given below to answer the questions that follow. Power Nutrition Inc. sells performance enhancing foods and beverages for athletes and active people. In a recent product development meeting, Bob suggested that the company should acquire the newly developed technology, created by Pharma Corp., for infusing vitamin and mineral blends into food. Bob believed it would be easier to acquire the technology directly from Pharma Corp. Gary felt that the method of infusing blends in the new energy bars should be developed within the company. He knows it may take longer but feels that the competitive advantage it would provide was worth the wait. Joyce suggested that the company should work jointly with Pharma Corp. to develop an entirely new product. She felt that Power Nutrition Inc. did not possess sufficient financial resources to purchase the technology from Pharma Corp.
-Based on the scenario, which method of acquiring technology does Gary favor?

Recognize the importance of culture in shaping human behavior and mental processes.

Comprehend the principles of natural selection and their application to psychology.

Recognize the role of behavior genetics in understanding individual differences.

Understand the contributions of positive psychology to the study of happiness and human flourishing.

Definitions:

International Monetary Structure

The system of exchange rates and international payments that enables countries to transact with each other.

Diplomacy

The practice of managing international relations by negotiating, typically by a country's representatives abroad.

Trans-Pacific Partnership

A trade agreement among multiple Pacific Rim countries aiming to enhance trade and economic integration, excluding China.

Pacific-Rim Nations

Countries that are located around the edge of the Pacific Ocean, often involved in regional economic and security collaborations.