Describe the Characteristics a Core Competency Should Possess

question 28

Essay

Describe the characteristics a core competency should possess.

Discuss the ecological reasons for the importance of oceans to humans and the planet.

Understand the indicators of ecological health and environmental change.

Identify and characterize different species types and their roles in ecosystems.

Recognize factors affecting biodiversity and species populations.

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Definitions:

Labor-Saving

Technologies or methods that decrease the amount of labor required to produce goods or services, thereby increasing productivity.

Output Per Worker

The quantity of goods and services produced per unit of labor.

Profit-Maximizing

The process by which a company determines the price and output level that returns the greatest profit.

Competitive Firm

A firm that operates in an environment where no single firm can influence the market price of its product.