4. Frank is an entrepreneur and has opened his first retail business. Frank has to take on many different
positions such as a manager, a salesperson, and an accountant. Which of the following skill sets BEST
describes Frank's skill set in this scenario?
a. Problem solving
b. Organizational skills
c. Creativity
d. Risk-taking
5. The relationship between core competencies and competitive advantage is best described by which
statement?
a. Strengthening a company's competitive advantage strengthens its core competencies.
b. A company's core competencies become the nucleus of its competitive advantage.
c. As a company's core competencies become stronger, its competitive advantage becomes weaker.
d. There is no relationship between core competencies and competitive advantage.​