What Is NOT Part of the Process of Upgrading Core

question 67

Multiple Choice

What is NOT part of the process of upgrading core competencies and competitive capabilities?

• A)Core competencies can be leveraged into competitive advantage by concentrating sufficient effort and talent on deepening and strengthening them so that the firm achieves dominating depth and gains the capability to outperform rivals by a meaningful margin.
• B)Core competencies have to be tweaked and adjusted to keep them fresh and responsive to changing customer needs and market conditions.
• C)Core competencies typically are lodged in the combined efforts of different work groups and departments.
• D)Core competencies generally grow out of company efforts to master a strategy-critical technology or to invent and patent a valuable technology.
• E)Core competencies tend to emerge gradually rather than blossom quickly.

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Definitions:

Confirmed Letter of Credit

A letter of credit that has an additional guarantee by a second bank, ensuring payment under the letter of credit if the issuing bank fails to do so.

Seller's Bank

A bank appointed by a seller, often in trade transactions, to handle the documentation and receipt of payment from the buyer.

Liability

A company's or individual's legal responsibility for their actions or the state of being legally obligated to settle a debt.

Negotiable Bill of Lading

A document issued by a carrier that guarantees the delivery of goods to a specified party and can be transferred by endorsement to others.