An Organization Establishes a ___ When It Has a Core

question 168

Multiple Choice

An organization establishes a ___ when it has a core competency that sets it apart from its competitors and gives it an advantage over them in the marketplace.

• A) core advantage
• B) market advantage
• C) competitive advantage
• D) competency advantage
• E) management advantage

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Definitions:

Trades

Occupations that typically require specialized skills and knowledge, learned through on-the-job experience or formal training, often involving manual work and craftsmanship.

Crafts

Relates to activities involving skill and artisanship in the creation of handmade goods or the execution of specialized work, often emphasizing traditional techniques.

AFL

The American Federation of Labor, a historic federation of labor unions in the United States, founded to represent the interests of laborers.

Work Rules

Guidelines and regulations set by employers that define acceptable behavior and responsibilities of employees in the workplace.