A core competence
A) makes a contribution to a company's success in the marketplace.
B) is typically knowledge-based, residing in a company's intellectual capital and not in its tangible physical assets on the balance sheet.
C) is often grounded in cross-department combinations of knowledge and expertise.
D) is a competitively relevant activity that a firm performs especially well in comparison to the other activities it performs.
E) All of the above.

Question

Quizplus · Accepted Answer

All the options mentioned in the question are correct and contribute to the definition of a core competence. A core competence is a unique capability or skill that a company possesses, which enables it to outperform its competitors and achieve sustainable competitive advantage. It is usually a combination of knowledge, technology, intellectual property, and human capital, and contributes significantly to the company's success in the marketplace. It is also cross-functional, meaning it is not confined to a single department or function in the organization.

A Core Competence