Core Competencies Are the Activities a Company Performs Especially Well

question 105

True/False

Core competencies are the activities a company performs especially well compared with competitors and through which the firm adds unique value to its goods and services.

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Definitions:

Social Institutions

Social institutions are complex, integrated sets of social norms organized around the preservation of a basic societal value, such as family, religion, and education.

Business Backgrounds

Refers to the professional and educational experience that an individual possesses in the field of business.

Capitalists

Individuals or entities owning capital or assets, investing in businesses or projects with the expectation of making a profit.

Management Theorists

Individuals or scholars who study and develop ideas about how organizations can be effectively managed and operated.