

Core Competencies in Business
Interactive Video
•
Business
•
11th - 12th Grade
•
Practice Problem
•
Hard
Jennifer Brown
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are core competencies?
Skills that are easily replicated by competitors
Unrelated skills that a company possesses
Essential capabilities that contribute to long-term success
Temporary advantages in the market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are core competencies important for strategic management?
They help in reducing costs
They are only important for small businesses
They are not relevant to strategic management
They shape strategic direction and influence decisions
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do core competencies provide a competitive advantage?
By focusing solely on cost reduction
By consistently outperforming competitors in key areas
By ignoring customer needs
By being easily imitated by competitors
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step in identifying core competencies?
Focusing on unrelated skills
Conducting a competency audit
Ignoring market trends
Investing in random areas
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to align core competencies with customer needs?
To ensure competencies remain relevant and valuable
To reduce production costs
To focus on internal processes only
To ignore market demand
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can companies leverage core competencies for growth?
By ignoring existing strengths
By using them as a foundation for expansion
By avoiding strategic partnerships
By focusing only on current markets
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What core competency has Walmart leveraged to maintain its leadership position?
Supply chain management
Brand management
Product innovation
Customer service
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?