Question

Explain business competences

Answer 1

Explanation:

Business competency is a set of particular abilities and knowledge that sets a company apart from its competitors. Certain combinations of qualities and characteristics, often called core competencies, can allow a company to thrive in its market segment and greatly outpace its competitors in terms of earnings and customer satisfaction. In highly successful companies, core competencies have most likely developed in areas where they add the most value to products.