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What Is Meant by Core Competence and How Does the Concept

question 33

Essay

What is meant by core competence and how does the concept fit into strategy formulation?


Definitions:

Bargaining Representative

An individual or organization designated to negotiate employment conditions on behalf of a group of employees.

Commissioned Drug Salesman

A sales representative specifically authorized to sell pharmaceutical drugs, often working on a commission basis.

Car Allowance

is a financial stipend provided by an employer to its employees for the expenses associated with using one's personal car for work purposes.

Legal Action

The process of seeking or enforcing rights through the judicial system, often involving litigation or court proceedings.

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