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 these.

Question

Quizplus · Accepted Answer

All of the options listed in the question are characteristics of a core competence. A core competence can contribute to a company's success in the marketplace, is typically knowledge-based, resides in a company's intellectual capital, is often grounded in cross-department combinations of knowledge and expertise, and is a competitively relevant activity that a firm performs especially well in comparison to the other activities it performs.

A Core Competence