Q104
An example of a core competency of a firm is
A.
the corporate reputation
B.
communicating with customers in their own languages worldwide
AnswerC.
developing least squared exemptions within its accounting system
D.
evaluating tangible and intangible assets
Answer: Option B
Solution
Answer: Option B
Solution:
An example of a core competency of a firm is communicating with customers in their own languages worldwide. Core competencies differentiate an organization from its competition and create a company's competitive advantage in the marketplace. Typically, a core competency refers to a company's set of skills or experience in some activity, rather than physical or financial assets.