A core competence
A)is a more competitively valuable strength than a competence because of the key role the activities play in the company's strategy.
B)typically has competitive value, the amount of which is reflected in the physical and tangible assets on a company's balance sheet.
C)usually is grounded in the technological expertise of a particular department or work group.
D)is more difficult for rivals to copy than a distinctive competence.
E)refers to a company's lowest-cost and most efficiently executed value-chain activity.

Question

Quizplus · Accepted Answer

A core competence is a unique strength that is central to a company's strategy and provides a competitive advantage. It is usually difficult for competitors to imitate, and its value is not necessarily reflected in physical assets on a balance sheet. Therefore, choice A is the correct answer.

A Core Competence