Over time,firms tend to achieve more than one competence.

Question

Quizplus · Accepted Answer

It is true that over time, firms tend to develop and acquire multiple competencies in different areas that contribute to their overall success and competitive advantage. For example, a technology company may have competencies in software development, hardware design, marketing, and customer service, among others. These competencies can enable the firm to deliver high-quality products and services, innovate and differentiate itself from competitors, and create value for customers and shareholders.

Over Time,firms Tend to Achieve More Than One Competence