What Is the Type of Knowledge That Is Contained in People's

question 177

Multiple Choice

What is the type of knowledge that is contained in people's heads?

• A)explicit knowledge
• B)virtual knowledge
• C)tacit knowledge
• D)pure knowledge

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Definitions:

Synergy

The concept that the value and performance of two companies combined will be greater than the sum of the separate individual parts.

Cost Complementarity

Occurs when the cost of producing one good decreases with the increase in production of another good, showing a synergy between the production processes of two goods.

Diseconomies Of Scope

The phenomenon where the cost of producing two or more products together is higher than producing them separately.

Economies Of Scope

cost advantages that enterprises obtain due to the efficient allocation and utilization of resources across multiple products or services.