Author Question: What are core competencies? Provide an example of the core competencies that are utilized by an ... (Read 202 times)

lindiwe · **on:** Jul 6, 2018

What are core competencies? Provide an example of the core competencies that are utilized by an entrepreneurial firm.

What will be an ideal response?

Question 2

Cash plus items that are readily convertible to cash, such as accounts receivable, marketable securities, and inventories are classified as ________ assets on a firm's balance sheet.

A) other
B) intermediate term
C) temporary
D) current
E) fixed

tofugiraffe · **Reply #1 on:** Jul 6, 2018

Answer to Question 1

A core competency is a specific factor or capability that support's a firm's business model and sets it apart from rivals. A core competency can take on various forms, such as technical know-how, an efficient process, a trusting relationship with customers, expertise in product design, and so forth. For example, Her Campus Media has three core competencies: (1 ) creating content of interest to active college-aged girls, (2 ) recruiting and managing a volunteer network, and (3 ) connecting active college-aged females with major brands.

Answer to Question 2

D