When an activity becomes something a company has learned to perform proficiently and capably, the company is said to have a
A)competence.
B)competitive advantage over rivals.
C)key value chain proficiency.
D)distinctive capability.
E)resource advantage.

Question

Quizplus · Accepted Answer

Competence refers to a company's ability to perform a particular activity or task with skill and expertise. When a company has developed this ability, it is said to have a competence. This can give the company an advantage over its competitors and contribute to its overall success. However, having a competence does not necessarily mean that the company has a sustainable competitive advantage or a distinctive capability.

When an Activity Becomes Something a Company Has Learned to Perform