Which of the Following Is NOT Required for a Firm

question 32

Multiple Choice

Which of the following is NOT required for a firm to achieve strategic competitiveness and earn above-average returns from its core competencies?

• A) Core competencies must be acquired.
• B) Core competencies must be bundled.
• C) Core competencies must be internationalized.
• D) Core competencies must be leveraged.

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Definitions:

Identical Product

Products that are seen as the same by consumers, with no differentiation between them.

Product Differentiation

Strategies employed by businesses to make their products appear distinct from those of competitors in aspects like quality, design, or other features.

Physical Differences

Refers to the variations in the physical attributes of individuals or objects, including size, shape, and other measurable characteristics.

Monopolistic Competitor

A firm within a competitive market that has the power to influence prices through product differentiation, sitting between perfect competition and monopoly on the spectrum of market structures.