Being paid based on having a new critical skill.
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COMPETENCY CONVERGENCE
When competition is so intense that it is all the same.
COMPETENCY MODELING
Taking the skills and knowledge in a company to see where it needs to gain more. Refer to core competencies.
COMPETENCY TO STAND TRIAL
This term is applied to a person who is fit to understand the charges that have been brought against them.
COMPETENCY-BASED APPROACH
Training employees based on their current skills and where they need to be to get the job done. It leads to good hiring practices.
COMPETENT
Duly qualified ; answering all requirements ; adequate; suitable; sufficient; capable ; legally fit. Levee Dist. v. Jamison, 176 Mo. 557, 75 S. W. 679
COMPETENT AND OMITTED
In Scotch practice. A terra applied to a plea which might have been urged by a party during the dependence of a cause, but which had been omitted. Bell.
COMPETENT AUTHORITY
As applied to courts and public officers, this term imports jurisdiction and due legal authority to deal with the particular matter in question. Mitchell v. U. S., 9 Pet. 735. […]
COMPETENT EVIDENCE
That which the very nature of the thing to be proven requires, as the production of a writing where its contents are the subject of inquiry. 1 Greenl. Ev.
COMPETENT WITNESS
One who is legally qualified to be heard to testify in a cause. Ilogan v. Sherman. 5 Mich. 00; People v. Compton. 123 Cal. 403. 50 Pac. 44; Com. v. […]
COMPETING
Using assertiveness and minimizes cooperation.
COMPETITION
In Scotch practice. The contest among creditors claiming on their respective diligences, or creditors claiming on their securities. Bell
COMPETITION AHEAD
When an agent sells stock before its available on the market.
COMPETITION COMMISSION (CC)
A UK body established in 1998 that ensures antiMONOPOLY and free competition rules are upheld, particularly as related to MERGERS and ACQUISITIONS . The work of the Commission is nonbinding […]
COMPETITION IN CONTRACTING ACT (CICA)
A policy started in 1984 to get competitoin for government contracts. The more competition the more saved on prices.
COMPETITION-BASED PRICING
The way pricing is done when a seller uses a competing product rather than the supply and demand.
COMPETITIVE
An offer that is just as good as what else is out there and is an attractive buy.
COMPETITIVE ADVANTAGE
When a company gets the upper hand because is of similar value and a lower price than its competition .
COMPETITIVE ANALYSIS
Comparing the performance of a firm and its compeition to find the reason for the difference.
COMPETITIVE BENCHMARKING
The never ending process of comparing one firm to their competition .
COMPETITIVE BID
A BID submitted in an AUCTION MARKET process that is placed in direct competition with other bids, meaning it will only be filled if it ranks at, or near, the […]
COMPETITIVE BID UNDERWRITING
An UNDERWRITING of a NEW ISSUE of securities that is awarded by the issuing company to the UNDERWRITER that proposes the most favorable terms (generally a combination of lowest YIELD, […]
COMPETITIVE BIDDERS
Bidders from the treasury that are usually banks.
COMPETITIVE BIDDING
When contractors bid on jobs. The two ways of bidding systems are open to everyone and closed to only specific groups. Refer to competitive negotiation .
COMPETITIVE CRITERIA
How well a offering meets its customers needs.