When resources and capabilities serve as a source of competitive advantage for a firm,the firm has created a(n):
A) Strategic mission
B) Inspiring vision
C) Core competence
D) Sustainable market niche

Question

Quizplus · Accepted Answer

Core competence refers to the unique set of resources and capabilities that a firm has built and which allow it to create superior products, services, or value for its customers. By leveraging its core competence, a firm can achieve a sustainable competitive advantage over its rivals. Therefore, when resources and capabilities serve as a source of competitive advantage, it means that the firm has created a core competence. The other options may contribute to the success of a firm, but they do not specifically address the creation of a competitive advantage through resources and capabilities.

When Resources and Capabilities Serve as a Source of Competitive