How Does Possessing a Core Competency Help a Firm

question 8

Multiple Choice

How does possessing a core competency help a firm?

• A) It helps a firm to create value in such a way that premium pricing is impossible.
• B) It reduces a firm's dependence on its logistics function.
• C) It enables a firm to reduce the costs of value creation.
• D) It reduces the scope of transfer of skills to foreign markets.
• E) It reduces the need to replicate a business model in a foreign market.

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Definitions:

Surge Protector

A device that protects electrical appliances from voltage spikes by blocking excess electrical charge or diverting it to the ground.

Cotton Gloves

Protective wear made from cotton that helps in handling sensitive objects without leaving fingerprints or causing damage.

UPS

Uninterruptible Power Supply, a device that provides emergency power to a load when the input power source or mains power fails.

Surge Protector

A device that protects electrical appliances from voltage spikes by blocking or shorting to ground any unwanted voltages above a safe threshold.