Core Competencies Are Typically Easy for Competitors to Imitate

question 32

True/False

Core competencies are typically easy for competitors to imitate.

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Definitions:

PEST Analysis

A strategic management tool used to evaluate the Political, Economic, Social, and Technological external factors affecting an entity.

Sociocultural Factors

Sociocultural factors are the social, cultural, and environmental influences that affect individuals' behaviors, attitudes, and preferences, impacting societal norms and individual interactions.

Technological Factors

Aspects related to innovations, inventions, and technological advancements that can affect the operations, opportunities, and threats to a business.

Work Permit

An official document granting a foreigner the permission to take employment in a country other than their own.