CORE COMPETENCY Definition

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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

MITIGATING is a reducing in force or intensity.

IFA in International Federation of Accountants.

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