Which of the Following Is Not an Example of Explicit

question 1

Multiple Choice

Which of the following is not an example of explicit knowledge?

• A) Patent
• B) Trademark
• C) Employee opinion
• D) Marketing research

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Definitions:

Inelastic

A characteristic of a good or service whose quantity demanded or supplied changes by a smaller percentage than changes in price.

Sensitive

Capable of perceiving with the senses or responsive to stimuli or changes in the environment.

Demand

The desire to purchase goods and services backed by the ability and willingness to pay a price.

Economic Theory

A set of principles that explain how economic processes work, guiding the analysis of economic behavior and decision-making.