Which Quadrant in the Core Competence-Market Matrix Is the Hardest

question 22

Multiple Choice

Which quadrant in the core competence-market matrix is the hardest to pursue?

• A) building new core competencies to protect and extend current market position
• B) building new core competencies to create and compete in markets of the future
• C) leveraging core competencies to improve current market position
• D) redeploying and recombining core competencies to compete in markets of the future

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Definitions:

Cognitive Dissonance

The discomfort in one's mind arising from holding several opposing beliefs, ideas, or values concurrently.

Perceived Risk

The level of uncertainty consumers associate with purchasing a product or service, which can affect their decision-making process.

Yield Management Pricing

A dynamic pricing strategy based on understanding, anticipating, and influencing consumer behavior in order to maximize revenue or profits.

Price Lining

A pricing strategy where products or services are sold at several different price points, offering different levels of quality or features.