Which of the following is a special ability of a company that competitors find extremely difficult to equal?
A) comparative advantage
B) absolute advantage
C) core competency
D) economy of scale

Question

Quizplus · Accepted Answer

Core competency refers to a special ability or skill that a company possesses, which competitors find difficult to replicate or match. This unique strength provides the company with a competitive advantage and allows it to stand out in the market. A comparative advantage refers to the ability of a company to produce goods or services at a lower opportunity cost than its competitors, while absolute advantage refers to a company's ability to produce more goods or services than its competitors using the same amount of resources. Economy of scale refers to the cost advantage a company gains by increasing production. While important, these concepts do not necessarily reflect the specific special ability that competitors find difficult to equal.

Which of the Following Is a Special Ability of a Company