____________ Knowledge Is Imprecise and Costly to Transfer

question 92

Multiple Choice

____________ knowledge is imprecise and costly to transfer.

• A)Complete
• B)Explicit
• C)Tacit
• D)Intellectual

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Definitions:

Safety Inventories

Additional stocks held beyond expected demand to mitigate the risk of stockouts due to demand and supply variability.

Centralization

The concentration of decision-making authority at the top levels of an organization, often leading to more consistent and efficient policy implementation.

Product Variety

The range of different items or products a company offers to meet diverse customer needs or preferences.

Demand Uncertainty

This refers to the unpredictability or variation in the demand for products or services in the market.