Describe Briefly Procedural Knowledge and Declarative Knowledge

question 30

Essay

Describe briefly procedural knowledge and declarative knowledge.Then describe the ways in which our lives would be different if all procedural knowledge decayed quickly if it were not maintained through rehearsal.

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Definitions:

Porter's Generic Strategies

A framework that outlines three strategies for achieving competitive advantage: cost leadership, differentiation, and focus.

Sustainable Differentiation

Creating long-term competitive advantage by developing unique product features, services, or practices that are difficult for competitors to replicate.

Niche Market Segmentation

The process of dividing a broader market into smaller customer groups with specific needs, characteristics, or behaviors that might require individualized marketing strategies.

Customer Consolidation

The process of reducing the number of vendors or suppliers used by a company or merging multiple customer accounts or profiles into a single, unified account for better management.