Identify and Define the Five Groups of Competence in the Typological

question 44

Essay

Identify and define the five groups of competence in the typological perspective of physical competence in older people.

---

Definitions:

Lower-Cost Locations

Lower-Cost Locations refer to geographic areas where the cost of living, labor, and production expenses are significantly less than the average, often considered for operations to reduce costs.

E-Business Management

The practice of using digital technologies to conduct business processes, including buying, selling, and providing customer service online.

Competitive Advantage

The attribute that allows an organization to outperform its competitors, including factors like superior quality, cost leadership, or innovative capabilities.

Factory System

An organizational method for manufacturing that involves workers and machinery in one location to produce goods on a large scale.