A core competence
A) gives a company competitive capability and is a genuine company strength and resource.
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 distinctive capability that gives a company a competitive advantage or edge. It is a genuine strength and resource of a company, and it is difficult for competitors to imitate or replicate. Unlike tangible assets, a core competence is usually intangible, such as knowledge, skills, systems, or relationships. It is based on the collective learning, experience, and innovation of a company, and it can be leveraged across different products, services, markets, and geographies.

A Core Competence