When a Firm Develops a Knowledge Asset,such as a Process,pays

question 87

Multiple Choice

When a firm develops a knowledge asset,such as a process,pays for it and reuses it over and over at a very low cost,this adds ________ for the firm.

• A) tacit knowledge
• B) little value
• C) a competitive advantage
• D) a recoverable loss

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Definitions:

Production Constraint

A limitation or restriction in the production process, such as limited resources or capacity, that affects output.

Constrained Resource

A limited resource within a manufacturing or production process that restricts the output volume.

Obsolete Inventory

Items in stock that are out of date or no longer in demand, which are unlikely to be sold.

Decision

The process or action of choosing among alternatives, often based on analysis and information to achieve a desired goal.