If a Particular Function Is One of a Firm's Core

question 238

True/False

If a particular function is one of a firm's core competencies, it typically performs this function itself rather than outsourcing it to another organization.

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Definitions:

Innovation

The act of introducing something new, such as an idea, method, or device, to improve processes, products, or services.

C Corporation

An organizational form for businesses where shareholders, the owners, face taxation independently from the corporation.

Shareholders

Individuals or entities that own shares in a corporation, thus having a claim on part of its assets and earnings.

Legally Liable

Being subject to legal responsibility or obligation, particularly in the context of lawsuits or compensations.