Unique attributes of firms that give them a competitive edge are called ______________.
A)Functional strategies
B)Balanced scorecards
C)Supply chains
D)Core competencies
E)Sustainable initiatives

Question

Quizplus · Accepted Answer

Core competencies refer to the unique capabilities or strengths that give firms a competitive edge over their rivals. These competencies may include specialized knowledge or expertise, resources, technologies, customer relationships, or other intangible assets that enable firms to deliver value to their customers and generate sustainable profits. A strong focus on core competencies can help firms differentiate themselves in the marketplace and sustain their competitive advantage over time.

Unique Attributes of Firms That Give Them a Competitive Edge