Which One of the Following Is Inaccurate as Concerns a Distinctive

question 55

Multiple Choice

Which one of the following is inaccurate as concerns a distinctive competence?

• A) A distinctive competence is a competitively important activity that a company performs better than its competitors.
• B) A distinctive competence is typically less difficult for rivals to copy than a core competence.
• C) A distinctive competence can be a basis for sustainable competitive advantage.
• D) A distinctive competence has potential for being the cornerstone of the company's strategy.
• E) A distinctive competence gives a company competitively valuable capability that is unmatched by rivals.

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Definitions:

Definiteness Standards

Legal criteria used to evaluate the clarity and specificity of contract terms, ensuring that all essential terms are clear enough to enforce the agreement.

Classical Contract Law

This term describes a legal framework that emphasizes freedom of contract, where contracts are agreements entered into voluntarily by the parties and are enforceable by law.

Binding Contract

An agreement between parties that is legally enforceable and has all the essential elements of a contract.

Offeror

The party in a contract proposition who makes the offer to enter into an agreement, proposing terms to another party, the offeree.