The difference between a core competence and a distinctive competence is that a
A. distinctive competence refers to a company's strongest resource or competitive capability, whereas a core competence refers to a company's lowest-cost and most efficiently executed value-chain activity.
B. core competence is a competitively and strategically relevant activity that a firm performs well compared to its other activities, whereas a distinctive competence is a competitively relevant activity a firm performs well compared to other rival firms.
C. core competence usually resides in a company's base of intellectual capital, whereas a distinctive competence stems from the superiority of a company's physical and tangible assets.
D. core competence usually resides in a company's technology and physical assets, whereas a distinctive competence usually resides in a company's know-how, expertise, and intellectual capital.
E. core competence represents a resource strength, whereas a distinctive competence is achieved by having more resource strengths than rival companies.
Answer: B
You might also like to view...
The Calvin-Dogwood Partnership owns inventory that was purchased for $90,000, has a current replacement cost of $85,900, and is priced to sell for $125,000 . At what amount should the inventory be recorded in the accounts of the new partnership if Alexis is to be admitted?
a. $129,100 b. $85,900 c. $90,000 d. $125,000
An ordinary annuity is a series of equal payments made at the end of equal intervals of time
Indicate whether the statement is true or false
Hi-Tech Company produces widgets that cost $60 each and have a 5 percent failure rate. If 500 widgets are sold, the entry to record the estimated product warranty expense would be
a. Product Warranty Expense 300 Estimated Product Warranty Liability 300 b. Product Warranty Expense 1,500 Estimated Product Warranty Liability 1,500 c. Product Warranty Expense 150 Cash 150 d. Estimated Product Warranty Liability 75 Cash 75
Which of the following involves the coordination of daily business functions within an organization?
A. Motivating. B. Directing operational activities. C. Controlling. D. Decision making. E. Planning.