A Core Competence

question 85

Multiple Choice

A core competence

• A)detracts from a company's arsenal of competitive capabilities and competitive assets and is not a resource strength considered to be genuine.
• B)is typically results-based, residing in a company's tangible physical assets on the balance sheet.
• C)is often grounded in a single department's set of knowledge and expertise.
• D)is an activity that a firm performs proficiently that is also central to its strategy and competitive success.
• E)is a proficiently performed external activity.

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Definitions:

Leasehold

An interest in real property that grants possession rights to the leasee for a specific period of time but does not convey ownership.

Estate for Years

A fixed-term tenancy agreement in real estate that begins and ends on specific dates.

Fee Simple Defeasible

A type of real estate ownership that is conditional and can be voided if certain conditions are not met or specific events occur.

Qualified Fee

A type of estate in land that is subject to certain conditions or limitations, often contrasted with absolute ownership.