A ________ is an activity at which a firm excels as a world-class leader.
A)best practice
B)competitive advantage
C)primary activity
D)core competency

Question

Quizplus · Accepted Answer

Core competencies are the unique strengths and resources, such as skills, technologies, or intellectual property, that allow a firm to achieve a competitive advantage and excel as a world-class leader in a particular activity or function. Best practices refer to the most effective and efficient ways of doing things that have been identified and adopted by an industry or a firm, while competitive advantage is the edge that a company has over its rivals in terms of performance, cost, quality, innovation, or customer satisfaction. Primary activities, on the other hand, are the main functions or processes of a firm, such as inbound logistics, operations, outbound logistics, marketing, and service.

A ________ Is an Activity at Which a Firm Excels