Distinctive competencies are firm-specific strengths that allow a company to differentiate its products and/or achieve substantially lower costs than its rivals.

Question

Quizplus · Accepted Answer

Distinctive competencies are indeed firm-specific strengths that give a company a competitive advantage over its rivals, either by differentiating its products or services from those of competitors or by achieving substantially lower costs through economies of scale, technology, or unique processes.

Distinctive Competencies Are Firm-Specific Strengths That Allow a Company to Differentiate