Which of the following is likely to be a core competency for a company?
A)availability of commodities
B)ability to set up an R&D unit
C)ability to innovate
D)ability to outsource

Question

Quizplus · Accepted Answer

Core competency refers to a unique capability or strength of a company that distinguishes it from its competitors and provides a competitive advantage. The ability to innovate is a core competency because it sets a company apart from its competitors by allowing it to create new products, services, or business models that meet the evolving needs and preferences of customers. Availability of commodities (A) is not a core competency as it is not unique to a company and can be easily replicated by competitors. Setting up an R&D unit (B) may be a critical capability for a company, but it is not necessarily a core competency as many companies can invest in R&D. Finally, outsourcing (D) is a strategy that companies may use to enhance their capabilities but is not a core competency in and of itself.

Which of the Following Is Likely to Be a Core