The firm must ensure upgrading the departments core competencies through making sure that employees have the innate ability or skills demanded.
Firms that adopt the Cost leadership strategy does so to earn higher returns and competitive advantages through of offering of products at lowest prices in the market.
The core competencies in manufacturing and logistics includes pro-activeness, ability to handle documents properly, strategic thinking, forward thinking, logical decision-making, networking abilities etc
However, the firm must ensure upgrading the departments core competencies through making sure that employees have the innate ability or skills demanded.
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Transfer payments are not included in the government term in the national income identity. Imports are subtracted in the national income identity because imported items are already measured as a part of consumption, investment and government expenditures, and as a component of exports.
Generalization and specialization are both work structures. Generalization means one person does many things. For example, in ancient times each family grew their own vegetables, built their own buildings, and took care of their own farms. Specialization means each person does individual tasks like doctor, teacher, lawyer, cab driver, etc and relies on other specialists to provide the things that they cannot do (or don't have time to do).
Marketing is an activity that creates value for customers, clients, partners, and society at large. A firm does this by<u> </u><u>communicating</u><u>, </u><u>delivering</u> and <u>creating</u><u> </u><u>offerings</u><u>.</u>
What is marketing?
The process of developing, communicating, delivering, and exchanging offerings that are valuable to customers, clients, partners, and society at large collectively is known as marketing. In other words, marketing goes beyond simply selling and advertising. Everything an organisation does to meet customer needs is included in this:
-Creating a product and outlining its features and advantages
-Determining its target market -Determining its price
Making it known to potential customers and encouraging purchases
Marketing is a team effort that involves everyone in the company, as should be expected.
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