ITPEC FE Morning April 2022 Question 65
ITPEC FE Morning April 2022 — Question 65 of 80
The correct answer is (d). Core competence refers to a company's predominant abilities that competitors cannot easily replicate. It is the source of sustainable competitive advantage — unique skills, technologies, or capabilities that define what the company does better than anyone else.
Why not others:
- (a) Describes compliance — following laws and regulations. This is corporate governance, not a competency.
- (b) Describes business domain — the scope of markets and products a company operates in.
- (c) Describes enterprise architecture or business process optimization — methods to achieve organizational goals, not a unique competitive ability.
Key rule: Core competence = unique, hard-to-imitate capability that gives a company its competitive edge.
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