In Order for a Core Competence to Be Considered a Competitive

question 47

Multiple Choice

In order for a core competence to be considered a competitive advantage it must meet all of the following criteria EXCEPT

• A) it must be rare
• B) it must be valuable
• C) it must be difficult to imitate
• D) it must be easily substitutable

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Definitions:

Conversion

The process of turning a visitor to a website or app into a paying customer.

Work In Process

The value of unfinished goods in the manufacturing process at a specific point in time.

Yield

A measure of materials usage efficiency.

Equivalent Units

A concept used in process costing that converts partially completed units into a number of fully completed output units.