Final answer:
Competencies are acquired through completion of approved programs and advanced certification in the business field.
Step-by-step explanation:
Competencies are the knowledge, skills, and abilities required for a particular profession or field. They can be acquired through completion of approved programs or by obtaining advanced certification. In the business field, specialty competencies are often necessary for different roles, such as marketing, finance, or human resources.
For example, someone interested in a career in marketing may complete an approved program in marketing that focuses on developing competencies in areas such as market research, advertising, and brand management. By completing this program, they can acquire the specialized knowledge and skills needed to succeed in a marketing role.
Similarly, individuals may also acquire competencies through advanced certification. For instance, a certified public accountant (CPA) has demonstrated expertise in accounting and financial reporting through a rigorous examination process, which certifies their competency in this field.