Employees' Skills and Commitment Create a Competitive Advantage in Service

question 43

True/False

Employees' skills and commitment create a competitive advantage in service industries,but technology is the primary key to a competitive advantage in manufacturing industries.

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Definitions:

Personal Debt

Debt incurred for personal, as opposed to business, needs, including credit card debt, mortgages, and personal loans.

Profits Distribution

The allocation of a company's earnings to its shareholders, often in the form of dividends.

Capital Contributed

The amount of money or assets that shareholders have invested in a company.

Partnership Agreement

A legal document that outlines the rights, responsibilities, and shares of profits (or losses) among partners in a business venture.