How does possessing a core competency help a firm?
A) It helps a firm to create value in such a way that premium pricing is impossible.
B) It reduces a firm's dependence on its logistics function.
C) It enables a firm to reduce the costs of value creation.
D) It reduces the scope of transfer of skills to foreign markets.
E) It reduces the need to replicate a business model in a foreign market.

Question

Quizplus · Accepted Answer

Possessing a core competency allows a firm to perform certain activities more efficiently or effectively than competitors, thereby reducing the costs of value creation.

How Does Possessing a Core Competency Help a Firm