A firm succeeds on its ability to deliver products to customers more quickly than rival companies in its industry.This skill is an example of the firm's:
A)Core competency.
B)Research effectiveness.
C)Production efficiency.
D)Cost control effectiveness.
E)Value-chain analysis.

Question

Quizplus · Accepted Answer

Core competency refers to a unique capability or skill that a firm possesses which enables it to outperform competitors. In this scenario, the firm's ability to deliver products to customers more quickly than rivals is a unique capability that sets it apart from other companies in the industry. Thus, it can be considered as the firm's core competency.

A Firm Succeeds on Its Ability to Deliver Products to Customers