The difference between a company competence and a core competence is that:
A. a company competence refers to a company's best-executed functional strategy, while a core competence refers to a company's best-executed business strategy.
B. a company competence refers to a company's strongest resource, whereas a core competence refers to a company's lowest-cost and most efficiently performed value chain activity.
C. a company competence is a competitively relevant activity that a firm performs especially well relative to other internal activities, whereas a core competence is an activity that a company has learned to perform proficiently.
D. a company competence represents real proficiency in performing an internal activity, whereas a core competence is a competitively and strategically relevant activity.
E. a core competence usually resides in a company's technology and physical assets, whereas a company competence usually resides in a company's human assets and intellectual capital.
Answer: a company competence represents real proficiency in performing an internal activity, whereas a core competence is a competitively and strategically relevant activity.