U.S. health care reform legislation is a high-risk area for the pharmaceutical industry. This risk belongs to which risk category?Select answer from the options belowInternal risk, strategicExternal risk, complianceExternal risk, strategicInternal risk, compliance
Question
U.S. health care reform legislation is a high-risk area for the pharmaceutical industry. This risk belongs to which risk category?Select answer from the options belowInternal risk, strategicExternal risk, complianceExternal risk, strategicInternal risk, compliance
Solution
The risk mentioned in the question belongs to the "External risk, strategic" category. This is because the risk is external (it's coming from changes in the environment, specifically legislation, which the pharmaceutical industry cannot control) and strategic (it affects the overall direction and goals of the companies in the industry).
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