Which statement best reflects the variability in defining core competencies and dependence risks across businesses?

Group of answer choices

What constitutes a core competence or a significant dependence risk varies from one business to another, even within the same industry.

Core competencies and dependence risks are universally standardized across industries.

All companies within the same industry will identify the same processes as core competencies and view dependence risks similarly.

Outsourcing decisions are primarily influenced by cost considerations, with little regard for core competencies or dependence risks.