Which of the Following Defines the Concept of 'Core Competencies

question 40

Multiple Choice

Which of the following defines the concept of 'core competencies'?

• A) Core competencies are the strategic capabilities that an organisation must posses if it is to survive in its chosen environment.
• B) Core competencies are the activities and processes through which resources are deployed in such a way as to achieve competitive advantage in ways that others cannot imitate or obtain.
• C) Core competencies are those competencies related to the core business of the organisation rather than those peripheral areas it has diversified into.
• D) Core competencies are those strategic capabilities shared by all major players in a given industry sector and distinguish them from those organisations that struggle for survival.

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Definitions:

Nuts

Plant-derived kernels rich in fats, protein, and other nutrients, typically consumed raw or roasted.

Berries

Small, juicy fruits that are typically round, brightly colored, and sweet or sour in taste.

Utility Function

A representation of how consumer satisfaction varies with the consumption of different goods or services.

Budget Constraint

A representation of all the combinations of goods and services that a consumer can afford with their income level, given the prices of these goods and services.