The Two Major Types of Psychological Contracts Are Transactional and Relational

question 81

True/False

The two major types of psychological contracts are transactional and relational.

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Definitions:

Core Competency

Fundamental strength or advantage of a business, considered as central to its operation and performance.

Marketplace

A space or system in which commercial transactions are conducted, especially the buying and selling of goods and services.

Process Reengineering

The fundamental rethinking and redesign of business processes to achieve dramatic improvements in critical measures of performance.

Competitive Advantage

The attribute that allows an organization to outperform its competitors, leading to greater sales or margins and/or retaining more customers.