An example of a core competence of a firm is ________.
A)an ability to serve the needs of a particular target market on a large scale
B)communicating with customers in their own languages worldwide
C)developing break-even point analysis in reviewing product contribution
D)both A and B
E)A, B and C

Question

Quizplus · Accepted Answer

Core competence refers to a unique strength or skill that sets a firm apart from its competitors and gives it a competitive advantage. Option A talks about serving the needs of a particular target market on a large scale, which is a competitive advantage that can be achieved through operational excellence. Option B talks about communicating with customers in their own language worldwide, which can be achieved through good localization and internationalization strategies. Option C talks about break-even point analysis, which is a financial analysis tool and not a core competence. Therefore, the best choice is D because it combines the competitive advantages of both operational excellence and good localization strategies.

An Example of a Core Competence of a Firm Is