The Capabilities of "Craft Enterprises" Are Based Upon the Tacit

question 39

Multiple Choice

The capabilities of "craft enterprises" are based upon the tacit knowledge of skilled employees.The capabilities of "industrial enterprises" are based upon systematized knowledge located within processes.The key advantage of industrial enterprises over craft enterprises is that:

• A)They can replicate their capabilities at low cost in multiple locations
• B)They are less vulnerable to shortages of skilled workers
• C)They can standardize their offerings
• D)They can automate their production.

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Definitions:

Female Customers

A specific segment of the market made up of women or those identifying as female who purchase goods or services.

Standard Deviation

Standard deviation is a measure of the dispersion or spread of a set of numbers, indicating how much individual numbers in a dataset deviate from the mean or average.

Random Variable

A statistical variable whose outcomes are numeric and result from unpredictable events.

Binomial Distribution

A probability distribution that summarizes the likelihood that a value will take one of two independent states across a number of trials.