What are core competences?

A Resources which critically underpin competitive advantage and that others cannot obtain
B Activities and processes needed to meet customers' minimum requirements and therefore to continue to exist
C Key skills required for success in a particular business
D Activities that underpin competitive advantage and are difficult for competitors to imitate or obtain

Correct Answer: Activities that underpin competitive advantage and are difficult for competitors to imitate or obtain

Core competences means activities that underpin competitive advantage and are difficult for competitors to imitate or obtain. Core competencies are the resources and capabilities that comprise the strategic advantages of a business. A modern management theory argues that a business must define, cultivate, and exploit its core competencies in order to succeed against the competition.
Bissoy MCQ
#Management #Strategic Management

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