Core Competencies Tend to Be Processes and Not Products or Technologies

question 33

True/False

Core competencies tend to be processes and not products or technologies.

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Definitions:

Product Class

A category that groups products based on their function, consumer perceptions, or attributes, such as electronics or household goods.

Product Form

Pertains to variations of a product within the product class.

Solar Rechargeable Batteries

Batteries that can be recharged by converting sunlight directly into electrical energy through photovoltaic cells.

Product Life Cycle

An idea that outlines the phases a product experiences from its launch, to expansion, peak, and finally, its decrease in the marketplace.