A Core Competence Is Something That a Company Does Well

question 64

True/False

A core competence is something that a company does well internally.

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Definitions:

Safety Flaw

A defect or deficiency in a product or system that could pose a risk to health or safety.

Risk Preference

An individual's or entity's willingness to tolerate risk or uncertainty in investment or economic decisions.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision.

After Tax Profits

The net income a company retains after all its tax obligations have been settled.