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:

Downward-Sloping Demand

A principle in economics that illustrates how the quantity demanded of a good decreases as its price increases, holding other factors constant.

Liquor Licenses

Permits issued by government agencies that allow individuals or entities to sell alcoholic beverages legally.

New Market Entrants

Businesses or individuals that enter a market for the first time, introducing competition and innovation.

Long-Run Profitability

The ability of a firm to generate a consistent profit over an extended period of time.