A Competency Is Not Core If It Is Easy for Competitors

question 40

True/False

A competency is not core if it is easy for competitors to imitate.

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Definitions:

Inputs

Resources such as labor, materials, and capital used in the production process to create goods or services.

Existing Firms

Companies or businesses that are currently in operation within a particular market or industry.

Fixed Cost

Expenses that do not change with the level of output or sales in the short term, such as rent, salaries, and insurance.

Insurance Payment

A sum of money paid regularly to an insurance company for a policy, which provides financial protection against loss or harm.