A firm's strengths that cannot be easily matched or imitated by competitors are called
A) internal audits.
B) distinctive competencies.
C) external audits.
D) special properties.
E) internal properties.

Question

Quizplus · Accepted Answer

Distinctive competencies are a firm's unique strengths that cannot be easily matched or imitated by competitors. These capabilities give the firm a competitive advantage and allow it to differentiate itself from its rivals. Examples of distinctive competencies include proprietary technology, strong brand recognition, unique distribution channels, and superior customer service. Internal and external audits are processes used by firms to evaluate their performance and identify areas for improvement, while special properties and internal properties are not commonly used terms in strategic management.

A Firm's Strengths That Cannot Be Easily Matched or Imitated