A capability or skill that a firm emphasizes and excels in doing while in pursuit of its overall mission is called a
A) Intangible asset
B) core competence
C) Capability
D) Distinctive Competence

Question

Quizplus · Accepted Answer

A core competence is a capability or skill that a firm excels at and emphasizes in pursuit of its overall mission. It is a central aspect of a firm's strategy and can provide a competitive advantage. Intangible assets are non-physical assets such as patents, brands, and intellectual property. Capabilities refer to the ability to perform a particular task or activity. Distinctive competence refers to a capability or skill that sets a firm apart from its competitors. While all of these concepts are related, core competence specifically refers to a firm's unique and exceptional capabilities.

A Capability or Skill That a Firm Emphasizes and Excels