An Organization Should Translate Its

question 13

Essay

An organization should translate its
1. _________ into a(n)
2._____________ and then translate the later into the
3. ______________.

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Definitions:

Specialized

Having a focus or expertise in a specific area of activity, knowledge, or production, often leading to increased efficiency.

Trading

The act of buying, selling, or exchanging goods, services, or financial instruments within markets.

Loads

In finance, refers to fees or commissions charged by a mutual fund, which can be at the time of purchase (front-end load), time of sale (back-end load), or as an annual expense (level load).

Absolute Advantage

The ability of a party (country, company, individual) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources.