Knowledge Management (KM) Benefits Organizations Because It ________

question 83

Multiple Choice

Knowledge management (KM) benefits organizations because it ________.

• A) allows distributors to work within the company premises
• B) allows suppliers to work according to the organizational policies
• C) enables customers to provide bulk feedback
• D) enables employees and partners to work smarter

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Definitions:

Long-Run

A period of time in which all factors of production and costs are variable, allowing for full adjustment to changes.

Marginal Revenue

The increase in revenue from the sale of one more unit of a product or service.

Natural Monopoly

A market situation where a single supplier can provide a good or service more efficiently than any potential competitor, often due to high initial setup costs.

Local Phone Company

A telecommunications company that provides phone services primarily within a local or regional area.