Asked by Cardian Williams on Jun 20, 2024
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Core competencies and competitive advantages are the strengths possessed by a firm.
Core Competencies
The unique strengths or strategic advantages of a business, comprising knowledge, resources, and capabilities that distinguish it in the marketplace.
Competitive Advantages
Unique attributes or capabilities that allow a company to outperform rivals, create greater value for its customers, and achieve superior market position.
- Identify competitive benefits within a business environment.
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Learning Objectives
- Identify competitive benefits within a business environment.
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Competitive Advantage Is the Ability to Outperform One's Competitors