Which of the Following Is Not True Regarding Core Competencies

question 34

Multiple Choice

Which of the following is not true regarding core competencies?

• A) They may include specialized knowledge.
• B) They may represent a small portion of an organization's business activities.
• C) They may include proprietary technology or information.
• D) They may be good candidates for outsourcing.
• E) They may include unique production methods.

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Definitions:

Pareto Optimal

A distribution of resources where it's infeasible to enhance the well-being of one individual without adversely affecting another.

Private Goods

Goods that are rivalrous and excludable, meaning consumption by one person diminishes availability for others, and access can be restricted.

Inelastic Demand

A market situation where the demand for a product does not change significantly with a change in price.

Pareto Efficient

A condition of resource allocation in which making one person better off necessitates making another person worse off.