Core competencies are integrated skills and knowledge sets within an organization that distinguish it from its competitors and deliver value to customers.

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This is the correct definition of core competencies. They are unique strengths or abilities of an organization that allow it to outperform its competitors and satisfy customer needs better than them. Core competencies can be in various areas such as technology, innovation, marketing, operational efficiency, customer service, etc. They are critical for a company's long-term success and sustainability.

Core Competencies Are Integrated Skills and Knowledge Sets Within an Organization