Firms that possess a core competency that helps them outperform competitors have developed a

Question

Quizplus · Accepted Answer

A core competency is a unique strength or capability that distinguishes a firm from its competitors and allows it to achieve superior performance in a specific area. Therefore, the correct term for this description is a distinctive competency. A market entry strategy refers to the plan a firm uses to enter a new market. Supporting activities strategy and asset-specific strategy are not relevant terms to describe a core competency.

Firms That Possess a Core Competency That Helps Them Outperform