What is a distinctive competence?
What will be an ideal response?
A distinctive competence answers the question: "What do we do exceptionally well, especially as compared to our competitors?" The competence may be cutting-edge technology, efficient distribution networks, superior organizational practices, or well-respected brand names.
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Wilma buys a painting that is to be sold at an auction next week, but she has an unforeseen engagement that requires her to go out of town on the day of the auction. She asks her sister, Sara, to attend the auction and bid for the painting
If the sale is successful, Sara is to claim legal title to the painting until Wilma returns. What kind of trust is created between Wilma and Sara? A) a charitable trust B) a testamentary trust C) a token trust D) a resulting trust
How does a country that introduces a currency board make its commitment to converting its domestic currency on demand into another currency at a fixed exchange rate credible?
A. By borrowing funds from the International Monetary Fund and the World Bank B. By maintaining a trade surplus with foreign countries C. By holding foreign currency reserves equal at the fixed exchange rate to at least 100 percent of the domestic currency issued D. By importing more goods from foreign countries than it exports E. By printing foreign currencies