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Rhone-Poulenc is an international French company that produces and markets a variety of chemicals and pharmaceuticals. Due to the resources it makes available to its scientists and researchers, the company has a number of Nobel Prize winners working in its laboratories. This ability to employ some of the finest minds in the world is an example of a _________.

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Final answer:

Rhone-Poulenc's ability to hire Nobel Prize winners signifies its competitive advantage in the pharmaceutical industry. With substantial investments in R&D, attracting top talent helps the company innovate and compete effectively. Past antitrust issues highlight the industry's competitive and regulatory challenges.

Step-by-step explanation:

Rhone-Poulenc's ability to employ some of the finest minds in the world, including Nobel Prize winners, is an example of a competitive advantage. The pharmaceutical industry requires significant investment in research and development to create new drugs. Rhone-Poulenc, as an international French company engaged in the production and marketing of chemicals and pharmaceuticals, has allocated resources effectively to attract top talent, which in turn fosters innovation and maintains the company's position in a competitive market.

In the 1990s, antitrust regulators prosecuted an international cartel of vitamin manufacturers, which included Rhone-Poulenc, for price-fixing and dividing markets. This historical context illustrates both the competitive nature of the pharmaceutical industry and the potential for anti-competitive behavior. However, pharmaceutical companies also invest heavily in research for new medicines, and their success relies on their ability to develop effective drugs and bring them to market efficiently.

User CalebC
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2 votes

Answer:

competency

Step-by-step explanation:

Competency -

It refers to the practice of improving the performance of the person or company , is referred to as competency .

It enables the person to excel in their field and motivate to do the best .

From the given scenario of the question ,

The international French company , Rhone - Poulenc is attracting the very innovative and intelligent minds in their company , which would help for the betterment of the person as well as the company .

Hence , from the scenario of the question ,

The correct term is competency .

User Rouki
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