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:

Short Run

A time frame in economics during which at least one factor of production is fixed, limiting the ability of the economy or a firm to adjust to changes.

Fixed Costs

Expenses that remain constant regardless of the volume of production or sales, like lease payments or wages.

Variable Input(s)

Inputs or resources whose quantity can be changed in the short term to adjust the level of production.

Short Run

A period in economics where at least one factor of production is fixed, limiting the adjustments a firm or industry can make.