_________ Describes the Processes Through Which Organisations Develop, Organise and Share

question 39

Multiple Choice

_________ describes the processes through which organisations develop, organise and share knowledge to achieve competitive advantage.

• A) Information management
• B) Employee training and development
• C) Knowledge management
• D) Competitive analysis
• E) Strategic positioning

---

Definitions:

Manufacturing Costs

The total expenses involved in the production of goods, including raw materials, labor, and factory overhead.

Plantwide Predetermined Manufacturing Overhead Rate

A single overhead rate calculated using the total estimated overhead costs for a factory divided by the estimated amount of base activity, applied uniformly across all products.

Markup

Markup refers to the amount added to the cost price of goods to cover overhead and profit when determining the selling price.

Selling Prices

The amount a product is sold for, which can be influenced by market demand, cost of production, and competitive pricing.