The unique combination of resources,experiences,and expertise within a particular firm is called their
A) corporate strategy.
B) core competencies.
C) functional strategy.
D) competitive advantage.

Question

Quizplus · Accepted Answer

Core competencies are the unique combination of resources, experiences, and expertise within a particular firm that sets them apart from their competitors and gives them a competitive advantage in the marketplace. A corporate strategy is an overall plan for the company, while a functional strategy focuses on the actions and goals of a specific business area or department. Competitive advantage refers to any advantage a company has over its competitors.

The Unique Combination of Resources,experiences,and Expertise Within a Particular Firm