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-Dominant- [34]
3 years ago
7

Celgene Corporation, a biopharmaceutical company based in New Jersey, develops cutting-edge drugs in a highly regulated environm

ent. Areas such as informatics and functional genomics evolve on a daily basis, as do the regulations that control the pharmaceutical industry. The stem cell lines Celgene needs for research are very expensive and can be hard to acquire.
At Celgene, the environment is_______________ because of the___________________ and because of the______________ . Resources are_______________ .

The managers at Celgene are facing conditions of_______________ uncertainty. This means that it will be______________ for them to make strategic decisions about the types of products the company will offer in the future.
Business
1 answer:
dezoksy [38]3 years ago
7 0

Answer:

At Celgene, the environment is  <u>  dynamic  </u> because of the <u>  speed of change  </u> and because of the <u>  number of changing factors   </u> . Resources are <u>  scarce  </u> .

The managers at Celgene are facing conditions of <u>  high  </u> uncertainty. This means that it will be <u>   difficult  </u> for them to make strategic decisions about the types of products the company will offer in the future.

Explanation:

From the short passage leading to the question the following points have been used in the answers provided:

a. dynamic: the change in the areas such as informatics, functional genomics and regulations means that the operating environment is dynamic not static

b. speed of change: the statement <em>"evolve on a daily basis" </em>shows a fast pace of changing conditions

c. number of changing factors: the factors changing include informatics, functional genomics and regulations.

d. resources are scarce due to expensive researches and difficulty in acquisition of stem cells.

e. high uncertainty: due to the rapid evolution, the managers do not predict accurately, hence a high degree of uncertainty

e. increase in uncertainty makes decision making difficult.

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Shelly’s preferences for consumption and leisure can be expressed as U(C, L) = (C – 100) * (L – 40). This utility function impli
ludmilkaskok [199]

Answer:

Explanation:

U(C, L) = (C – 100) × (L – 40)

(a) C = (w - t)[110 - L] + 320

C = 10[110 - L] + 320

C + 10L = 1420

where,

C- consumption

w - wages

t - taxes

L - Leisure

(b) Given that,

L = 100 then,

C = 420

MRS=\frac{MU_{L} }{MU_{C} }

MRS=\frac{C-100 }{L-40}

MRS=\frac{320}{60}

              = 5.33

(c) L = 110

C = 320

Reservation wage:

MRS=\frac{C-100 }{L-40}

MRS=\frac{220}{70}

= 3.14

(d) At optimal level,

\frac{C-100}{L-40}=\frac{10}{1}

C - 100 = 10L - 400

C - 10L = -300

C = 10L - 300

Using budget constraint:

C + 10L = 1420

10L - 300 + 10L = 1420

20L = 1720

L* = 86 and C* = 560

4 0
3 years ago
Yummy Peanut Butter created a new​ coconut-flavored peanut butter that it tested in a small number of representative cities. The
Sati [7]

Answer:

B.

standard test markets

Explanation:

Standard test markets is when a set of representative cities are selected and the full marketing mix is tested in these areas before a new product launch. The new products are sold through their normal channels to simulate reality.

Yummy peanuts is testing its new coconut flavored peanut butter in a group of representative cities. Aimed at forecasting national sales and profit. This is use of standard test markets.

4 0
3 years ago
Rough Hewn Lumber Company orally contracts with Joe for the purchase of five acres of Joe's timberland. Joe makes the transfer b
Reptile [31]

Answer:

b. quasi contract

Explanation:

-Liquidated damages refers to a mechanism in a contract in which a party can request a compensation because of breach.

-Quasi contract is  an agreement that is recognised by a court when there is no written contract between two parties and there is a conflict about a payment of a product or service.

-Reformation is a change made by a court in a document when one party that participates in it makes a request.

-Restitution is when someone receives a compensation for a loss or an injury.

According to the options given and the definitions, the answer is quasi contract.

7 0
3 years ago
When a firm uses K units of capital and L units of labor, it can produce Q units of output with the production function Q = K√L.
DanielleElmas [232]

Answer:

STC = 20K + 25L = 20*5 + 25*[\frac{Q^2}{25}] = 100 + Q^2

Explanation:

We are given:

K units of capital and L units of labor.

•Each unit of capital cost = 20

• Each unit of labor cost =25

• Level K is fixed at 5 units

We are told production function Q = K√L

Using the production functions and the values given, we can get that Q=5√L.

To find Q, the amount of labor will be given as:

L = \frac{Q^2}{25}

Therefore, the Short run total cost function (STC) will be:

20K + 25L = 20*5 + 25[\frac{Q^2}{25}] = 100 + Q^2

7 0
3 years ago
with no inflation, a bank would be willing to lend a business firm $5 million at an annual interest rate of 6 percent. but if th
Alex

Interest rate - A bank might want to loan a business structure 5000000 dollar at a n old financing cost of 6%.

What is interest rate?
A percentage of the principal, or the amount loaned, is what a lender charges a borrower as interest. The annual percentage rate, or APR, is the usual unit used to express the interest rate on the a loan (APR). The amount earned from a savings account as well as certificate of deposit at a credit union or bank may also be subject to interest rates (CD). Interest on these deposit accounts is calculated as an annual percentage yield (APY). The borrower is essentially charged interest for the use of the asset. Cash, consumer products, vehicles, and real estate are all examples of lent assets. An interest rate can therefore be viewed as the "cost of money" because it increases the cost of borrowing the very same amount of money.

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1 year ago
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