What is the difference between a core competence and a distinctive competence?

Question $1$ options:

A distinctive competence is tied to a skill, capability or patented technology the company has exclusive rights to use, while a core competence is any important capability.

A core competence is central to the firm's success, while a distinctive competence can be anything it performs well.

A core competence is something the firm develops internally as part of producing its goods or services, while a distinctive competence is something the firm develops because of competitors.

Both are something important that the organization does, but a distinctive competence is something the organization does better than its competitors.

Question $2(1$ point$)$

In the VRIN model, what is the difference between inimitable and non$-$substitutable?

Question $2$ options:

Inimitable resources and capabilities are those that competitors cannot imitate, while non$-$substitutable resources and capabilities cannot be duplicated with different resources or capabilities.

Non$-$substitutable resources and capabilities are those the company has exclusive rights to deploy, and that other firms do not.

Inimitable resources are those competitors cannot possibly duplicate because they cannot observe them.

Question $3(1$ point$)$

What is the difference between value chain analysis and benchmarking?

Question $3$ options:

Value chain analysis focuses on the firm's internal processes of delivering its goods or services, while benchmarking compares the firm to competitors across a variety of metrics.

Benchmarking is usually conducted with the assistance of consulting firms, because they have comparative data, while the value chain is looks a suppliers and customers as well.

They are not too different, though value chain analysis focuses on the industry processes used to produce goods and services.