Core Competencies Are Capabilities That Serve as a Source of Competitive

question 89

True/False

Core competencies are capabilities that serve as a source of competitive advantage for a firm over its rivals.

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Definitions:

Market Power

The ability of a company or entity to influence the price and output levels in a market.

Oil Exports

The sale and shipment of crude oil or refined petroleum products from one country to another.

Production Increase

refers to a rise in the quantity of goods or services produced over a specific period.

Interdependent

The mutual reliance between two or more entities, where changes in one affect the others.