Which of the following statements is true of core competencies?

Question

Quizplus · Accepted Answer

A firm's core competency is a combination of multiple abilities, including but not limited to its core technology. It is the unique combination of skills, knowledge, and resources that a company has developed, allowing it to differentiate itself from its competitors. Core competencies are not limited to a single business unit or function, but are often shared across multiple units. A company's core competencies are typically difficult for competitors to imitate and are a source of sustainable competitive advantage.

Which of the Following Statements Is True of Core Competencies