What Are Core Competencies? How Do Firms That Adopt an International

question 6

Essay

What are core competencies? How do firms that adopt an international strategy utilize their core competencies? How do firms that adopt a transnational strategy utilize their core competencies?

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Definitions:

Medium Of Exchange

An assisting mechanism utilized for the sale, acquisition, or exchange of commodities among different parties.

ATM Machines

Automated Teller Machines, which are electronic banking outlets that allow customers to complete transactions without the need for a branch visit.

Great Recession

A significant decline in economic activity spread across the economy, lasting from late 2007 to mid-2009, known for being the most severe economic downturn since the Great Depression.

Overdraft Fees

Charges applied by financial institutions when spending exceeds the amount available in a checking account.