What Are Core Competencies and Distinctive Competencies and How Do

question 63

Essay

What are core competencies and distinctive competencies and how do they lead to competitive advantage?

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Definitions:

U.S. Exports

Goods or services produced in the United States and sold to customers in other countries.

European Union

A political and economic union of 27 member countries that are located primarily in Europe, with policies aiming to ensure free movement of people, goods, services, and capital.

Canada and Mexico

Two countries that border the United States and are significant trade partners, especially in the context of the North American Free Trade Agreement (NAFTA).

Income Distribution

How a nation’s total GDP is distributed amongst its population, affecting economic inequality and standard of living.