The benefits of retaining a core competency within a company and purposefully threading that core competency through the value chain are referred to as ________ advantages.
A)internalization
B)domestic
C)location
D)ownership

Question

Quizplus · Accepted Answer

Internalization advantages refer to the benefits gained by a company when it keeps a core competency in-house rather than outsourcing it. By retaining control over a crucial function or skill, a company can often improve efficiency, reduce costs, and differentiate its products or services from competitors. Purposefully threading this core competency through the value chain can yield even greater benefits, as it allows a company to maximize the value it adds to the final product or service.

The Benefits of Retaining a Core Competency Within a Company