Examlex
A business model is managers' conception of how the set of strategies their company pursues work together as a congruent whole, enabling the company to gain a competitive advantage as well as achieve superior profitability and profit growth.
Incapacitation
A state of being unable to act or make legal decisions due to physical or mental limitations.
Undisclosed Principal
A principal whose existence is not known by a third party. That is, the third party does not know that an agent is acting on behalf of a principal.
Agent
An individual or entity authorized to act on behalf of another (known as the principal) in dealings with third parties, creating a legal relationship called agency.
Authority
The power or right to give orders, make decisions, and enforce obedience, or a person or organization having such power.
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