What is a major difference between retail banks and credit unions?
retail banks only serve businesses, while credit unions only serve individuals.
retail banks operate in order to earn profit, while credit unions are nonprofit.
o retail banks only have small local branches, while credit unions are nationwide.
retail banks manage a person's money, while credit unions focus on providing loans.

Ancho corp. is an automobile company whose core competency lies in manufacturing petrol- and diesel- based cars. the company realizes that more of its potential customers are switching to electric cars. the r& d department of the company acquires competencies in developing electric cars and launches its first hybrid car, which uses both gas and electricity. in this scenario, ancho is primarilya. leveraging new core competencies to improve current market position. b. redeploying existing core competencies to compete in future markets. c. unlearning existing core competencies to create and compete in markets of the future. d. building new core competencies to protect and extend current market position