TOTAL LIABILITIES & NET WORTH Definition

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TOTAL LIABILITIES & NET WORTH is the sum of all liability items and Net Worth.

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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.

RECEIVABLE is an amount awaiting receipt of payment.

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