GENERAL KNOWLEDGE

Detailed explanation-1: -product quality. buying power. customer-centric omnichannel support. design or innovation capabilities. sales and marketing ecosystem. automated workflows and processes. size.

Detailed explanation-2: -(Alexander Osterwalder, 2004) Unique resources are resources that are not easy to copy, incomparable to competitors and create value for the company. A core competency is a specific factor that a business sees as being central to the way it, or its employees, works.

Detailed explanation-3: -Companies can achieve a competitive advantage a number of ways. Three common and effective strategies which companies have used to find success are cost leadership, differentiation, and market segmentation.

Detailed explanation-4: -Those particular bundles of resources and capabilities that provide unique advantages to the firm are considered core competencies. Core competencies are resources and capabilities that serve as a source of a firm’s competitive advantage over rivals.

Detailed explanation-5: -A Core Competency is a knowledge, skill, or ability that contributes to the successful completion of a task on the job. All employees use multiple competencies to perform their job.