________ has three characteristics: (1)it is a source of competitive advantage in that it makes a significant contribution to perceived customer benefits; (2)it has applications in a wide variety of markets; and (3)it is difficult for competitors to imitate.
A) Core competency
B) Market sensing process
C) Corporate social responsibility
D) Strategic business unit
E) Philanthropy

Question

Quizplus · Accepted Answer

A core competency is a unique strength or capability that sets a company apart from its competitors and contributes significantly to its competitive advantage. It is difficult for competitors to imitate or replicate, making it a valuable asset. Core competencies often have applications in multiple markets, and they enable a company to deliver products or services that provide significant customer benefits.

________ Has Three Characteristics: (1)it Is a Source of Competitive