"Core Competencies" Refers to the Integrated Knowledge Sets Within an Organization

question 45

True/False

"Core competencies" refers to the integrated knowledge sets within an organization that distinguish it from its competitors and deliver value to customers.

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Definitions:

Strongly Accepted

A term or concept that is widely acknowledged and embraced by a majority within a certain context or community.

Merchandising Firms

Companies that purchase goods at wholesale prices and resell them at retail prices, making a profit on the spread.

Manufacturing Firms

Companies that produce finished goods from raw materials through the use of labor, machinery, and equipment.

Merchandising Firms

Companies that purchase inventory in a finished form for the purpose of reselling it to consumers without further processing.