A Core Competence

question 85

Multiple Choice

A core competence

• A)detracts from a company's arsenal of competitive capabilities and competitive assets and is not a resource strength considered to be genuine.
• B)is typically results-based, residing in a company's tangible physical assets on the balance sheet.
• C)is often grounded in a single department's set of knowledge and expertise.
• D)is an activity that a firm performs proficiently that is also central to its strategy and competitive success.
• E)is a proficiently performed external activity.

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Definitions:

Population Parameter

A characteristic or measure that describes an aspect of an entire population, such as its mean, variance, or standard deviation.

Confidence Interval

A confidence interval is a range of values, derived from sample data, that is likely to contain the value of an unknown population parameter, expressed with a certain level of confidence.

Employee Stock Ownership Plan

A program that provides a company's workforce with an ownership interest in the company, usually in the form of stock options or shares.

Stock Options

Financial instruments that give an employee the right to buy or sell the company's stock at a predetermined price within a specific period.