Core competence is the plan of action that prescribes resource allocation and other activities for dealing with the environment.

Question

Quizplus · Accepted Answer

Core competence refers to a company's fundamental strengths or strategic advantages, not a plan of action. It involves unique capabilities or expertise that provide competitive advantage, while a plan of action for resource allocation is typically part of a strategic plan.

Core Competence Is the Plan of Action That Prescribes Resource