When a Company Has a Proficiency in Performing a Strategically

question 103

Multiple Choice

When a company has a proficiency in performing a strategically and competitively important value chain activity better than its rivals,it is said to have:

• A) a company competence.
• B) a core competence.
• C) a distinctive competence.
• D) a key value chain proficiency.
• E) a competitive advantage over rivals.

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Definitions:

Poisson Process

A statistical process modeling the occurrence of events in a fixed interval of time or space if these events happen with a known constant mean rate and independently of the time since the last event.

Mean Arrival Rate

The average rate at which entities arrive in a system per unit of time, commonly used in queueing theory.

Mean Interval Time

The average time period between occurrences in a sequence of events or measurements.

Poisson Process

A stochastic process that models the occurrence of events randomly distributed in time or space.