Core competencies ______.
A)are also known as competitive strengths within a business unit
B)refer to the skills a business needs to acquire
C)are not relevant for a diversified organization
D)can be outsourced

Question

Quizplus · Accepted Answer

Core competencies refer to the unique strengths and abilities a business possesses that give it a competitive advantage in the market. They are an important aspect of a business strategy and cannot be easily replicated by competitors. Therefore, they are also known as competitive strengths within a business unit. Options B, C, and D are incorrect because core competencies do not refer to skills a business needs to acquire, they are relevant for both diversified and non-diversified organizations, and they cannot be easily outsourced as they are unique to the business.

Core Competencies ______