A Core Competence

question 60

Multiple Choice

A core competence

• A) makes a contribution to a company's success in the marketplace.
• B) is typically knowledge-based,residing in a company's intellectual capital and not in its tangible physical assets on the balance sheet.
• C) is often grounded in cross-department combinations of knowledge and expertise.
• D) is a competitively relevant activity that a firm performs especially well in comparison to the other activities it performs.
• E) All of these.

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Definitions:

Decision Making

The process of making choices or conclusions based on available information, analysis, and preference.

Influencer

An individual who has the power to affect the purchasing decisions of others because of their authority, knowledge, position, or relationship with their audience.

Decision Maker

An individual or group responsible for making choices that will affect the outcome of a particular process or situation.

Purchaser

An individual or organization that buys goods or services for personal use or for further processing or manufacturing.