What are core competences?
A. Resources which critically underpin competitive advantage and that others cannot obtain
B. Activities and processes needed to meet customers' minimum requirements and therefore to continue to exist
C. Key skills required for success in a particular business
D. Activities that underpin competitive advantage and are difficult for competitors to imitate or obtain
Answer: Option D
Solution(By Examveda Team)
Core competences means activities that underpin competitive advantage and are difficult for competitors to imitate or obtain. Core competencies are the resources and capabilities that comprise the strategic advantages of a business. A modern management theory argues that a business must define, cultivate, and exploit its core competencies in order to succeed against the competition.Strategy is developed by the visionary chief executive in ___________ mode of strategic management
A. planning mode
B. adaptive mode
C. strategic mode
D. entrepreneurial mode
Stability strategy is a ____________ strategy
A. corporate level
B. business level
C. functional level
D. strategic level
What are the means by which long term objectives will be achieved?
A. Strategies
B. Policies
C. Strength
D. Opportunities
Marketing strategy is a ___________ type of strategy
A. business level
B. Growth strategy
C. corporate strategy
D. functional strategy
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