A Core Competency Is Something a Company Does Extremely Well

question 98

True/False

A core competency is something a company does extremely well, which sometimes gives it an advantage over its competition.

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Definitions:

Traditional Model

A conventional or long-established approach or method in a certain context, such as business or governance.

Negotiated Contracts

Legal agreements formed through the process of discussion and compromise between two or more parties, often relating to employment or services.

Unionists

Individuals or members of a labor union representing workers' interests.

Productivity

The measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.