Core Competence Is the Plan of Action That Prescribes Resource

question 148

True/False

Core competence is the plan of action that prescribes resource allocation and other activities for dealing with the environment.

Identify the concept and legal implications of different types of contracts.

Recognize the concept of promissory estoppel and its application.

Appreciate the principles underlying the formation of contracts including offer, acceptance, and consideration.

Describe the various elements involved in establishing a contract's legality, capacity, and obligation.

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Definitions:

Direct

The process or manner of communication or transaction that happens without any intermediaries.

Channel Conflict

A situation where channels in a distribution chain are in competition with each other or interfere, leading to reduced efficiency or sales.

Vertical

An industry or market in which businesses provide products or services specific to a particular niche, focusing on a tightly defined area of operation.

Conventional

Adhering to established practices or methods; traditional.