Multiple choice general knowledge

What are core competences?

  1. Resources which critically underpin competitive advantage and that others cannot obtain.

  2. Activities and processes needed to meet customers' minimum requirements and therefore to continue to exist

  3. Key skills required for success in a particular business

  4. Activities that underpin competitive advantage and are difficult for competitors to imitate or obtain.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Core competencies are the unique strengths and strategic advantages of a business that are difficult for competitors to replicate. While 'key skills' is close, the definition involving 'difficult to imitate' is the standard strategic management definition.

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