A Core Competency Has Three Characteristics

question 68

Multiple Choice

A core competency has three characteristics. Which of the following is not one of those characteristics?

• A) It provides potential access to a wide variety of markets.
• B) It provides a low cost.
• C) It increases perceived customer benefit.
• D) It is hard for competitors to imitate.

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Definitions:

Price

The amount of money required to purchase a good, service, or asset.

Inflation

The speed at which prices for general goods and services go up, resulting in a decline in how much money can buy.

Economy's Overall Price Level

The average of current prices across the entire spectrum of goods and services available in the economy, indicating inflation or deflation trends.

Rising

Describes an increase or upward movement in metrics such as price, quantity, or value.