A written statement of why a company exists and what it plans to accomplish is referred to as its core competencies.

Question

Quizplus · Accepted Answer

The written statement of why a company exists and what it plans to accomplish is referred to as its mission statement, not core competencies. Core competencies refer to the unique strengths and capabilities that a company possesses, which allow it to outperform its competitors.

A Written Statement of Why a Company Exists and What