________ Is More Valuable Because It Can Provide Companies with a Sustainable

question 62

Multiple Choice

________ is more valuable because it can provide companies with a sustainable competitive advantage that is harder for competitors to imitate.

• A) Tacit knowledge
• B) Explicit knowledge
• C) Imitable knowledge
• D) Transferable knowledge
• E) Durable knowledge

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Definitions:

Formal Business Plan

A detailed document that outlines the strategy, goals, finances, and market analysis of a business to ensure its success and sustainability.

Pitch Deck

A concise presentation used by entrepreneurs to provide an audience with a quick overview of their business plan, often in the context of seeking investment.

Formal Business Plan

A detailed document that outlines the strategy, goals, financials, and future plans of a business in a structured format.

Formal Business Plan

A comprehensive document that outlines a business's objectives, strategies, market research, financial forecasts, and operational plans.