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Which of the following are central to implementing value-creating strategies and thereby satisfying customers'needs?

a. Firm resources
b. Capabilities
c. Core competencies
d. None of the these.

User Neal Magee
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1 Answer

6 votes

Final answer:

Firm resources, capabilities, and core competencies are central to implementing value-creating strategies and satisfying customers' needs in a business.

Step-by-step explanation:

In order to implement value-creating strategies and satisfy customers' needs in a business, firm resources, capabilities, and core competencies are central.

Firm resources refer to the assets and capabilities that a firm possesses, such as financial resources, physical assets, and human resources.

Capabilities are the firm's ability to execute certain activities or processes effectively, such as product development, marketing, or customer service.

Core competencies are the unique strengths or advantages that a firm possesses, which sets it apart from competitors, such as superior technology, innovative design, or efficient supply chain management.

Therefore, the correct answer is a. Firm resources, b. Capabilities, and c. Core competencies.

User Florian Von Stosch
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