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Which Quadrant in the Core Competence-Market Matrix Is the Hardest

question 9

Essay

Which quadrant in the core competence-market matrix is the hardest to be successful in? Briefly explain why.


Definitions:

Specialization

The use of the resources of an individual, a firm, a region, or a nation to concentrate production on one or a small number of goods and services.

Production

The act of creating goods or services using labor, equipment, and natural resources.

Coincidence-of-wants

A situation in barter economies where two parties each have something the other wants, facilitating a direct exchange without the need for money.

Copyrights

A form of intellectual property protection that grants the creator exclusive rights to their original works of authorship, such as literary, musical, and artistic works.

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