Question

The Mayo Clinic in Minnesota is known for top-quality medical care. For decades, even presidents and dictators from around the world flew to the Mayo Clinic to utilize its services. The Mayo Clinic used its reputation to create additional medical facilities in Jacksonville, Florida, and elsewhere. This is an example of a firm focusing its efforts on satisfying customer needs that___________________
A. are easiest to satisfy.
B. provide minimal core value.
C. are important to all generational cohorts.
D. competitors have tried and failed to satisfy.
E.match its core competencies.

Answer 1

Answer:

E.match its core competencies.

Explanation:

Core competences are resources and capabilities that serve as a source of advantage for the any firm against its rivals. Firms use core competence to implement value-creating strategies and thereby satisfy customer’s needs.

The core competencies of any organization will distinguish it competitively and will also reflect its personality

Capabilities on the other hand are valuable, costly to imitate, rare, and no substitutable are core competencies. In turn core competencies are attributes of competitive advantages for the firm over its rivals