A __________ is something that an organisation does extremely well, which may give a company an advantage over its competition.
A)benchmark
B)competitive advantage
C)core competency
D)strategic vision
E)marketing opportunity

Question

Quizplus · Accepted Answer

A core competency is a unique capability that a company has developed over time, which allows it to perform its business activities more effectively than its rivals. This type of advantage is difficult for competitors to imitate, and it can form the basis for the development of new products and services. Benchmarking, strategic vision, and marketing opportunities may all be important considerations for a company, but they do not necessarily involve the development of a core competency. A competitive advantage is a broader term that can refer to any factor that allows a company to outperform its competitors, including core competencies.

A __________ Is Something That an Organisation Does Extremely Well