ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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CORE COMPETENCY Definition
CORE COMPETENCY is a specific factor that a business believes as being central to the way it, or its employees work. A core competency normally fulfils three key criteria:
- It provides customer benefits
- It is not easy for competitors to imitate or duplicate
- It can be leveraged widely to many products and markets.
Learn new Accounting Terms
FORWARD PREMIUM is when a currency trade forward price is higher than its spot price.
NON-EQUITY SHARE is a share in an entity that a. evidences indebtedness of the entity to the holder of the share, and b. does not represent an equity interest in the entity.