Define Knowledge Management

question 42

Essay

Define knowledge management.

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Definitions:

Multinational Company

An organization that builds facilities in a number of different countries in an effort to minimize production and distribution costs.

Production Costs

The total expenses incurred in the process of producing goods or services, including raw materials, labor, and overhead.

Distribution Costs

Expenses associated with delivering a company's products from the production point to the consumer, including transportation, warehousing, and logistics.

Third Country

Refers to a country that is neither the home country nor the host country of the business involved, often in the context of international trade or operations.