How Does Possessing a Core Competence Help a Firm

question 9

Multiple Choice

How does possessing a core competence help a firm?

• A)It helps a firm to create value in such a way that premium pricing is impossible.
• B)It reduces a firm's dependence on its logistics function.
• C)It enables a firm to reduce the costs of value creation.
• D)It reduces the scope of transfer of skills to foreign markets.
• E)It reduces the need to replicate a business model in a foreign market.

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Definitions:

Wind-Powered Electricity

The generation of electrical power by converting the energy obtained from wind turbines into electricity.

Genetic Engineering

The direct manipulation of an organism's genes using biotechnology, altering its genetic makeup.