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

A core competence is a unique capability that creates a competitive advantage for a firm. It is a combination of resources, abilities, and knowledge that enables a firm to achieve superior performance in a specific area. By leveraging its core competencies, a firm can differentiate itself from competitors and create value for its customers.

When Resources and Capabilities Serve as a Source of Competitive