According to Prahalad and Hamel,a Core Competence Has All of the Following

question 75

Multiple Choice

According to Prahalad and Hamel,a core competence has all of the following characteristics except:

• A)potential access to a wide variety of markets.
• B)a significant contribution to perceived customer benefits.
• C)it is easy for competitors to imitate.
• D)benefits to customers.
• E)it is difficult for competitors to imitate.

Understand the role of property rights in effective market functioning and their impact on market outcomes.

Describe scenarios where government intervention affects surplus distribution and market efficiency.

Calculate changes in producer surplus with varying market prices and quantities.

Recognize the conditions for market efficiency and the potential effects of deviations from equilibrium.

---

Definitions:

Authorized Stock

The maximum number of shares a corporation is legally permitted to issue, as specified in its corporate charter.

Noncumulative Nonparticipating

Noncumulative nonparticipating refers to a type of preferred stock where dividends do not accumulate if not declared and the stockholders do not participate in additional corporate earnings beyond the specified dividend rate.

Cash Dividends

Payments made by a company to its shareholders, usually in the form of cash, out of its profits or reserves.

Stated Rate

The annual interest rate declared on a financial instrument, such as a bond, without accounting for compounding within a year.