Asset Specificity Is Largest When

question 12

Multiple Choice

Asset specificity is largest when

• A) value in first best use is large
• B) value in second best use is large
• C) customers choose their supplier at random
• D) very valuable assets are non-redeployable
• E) customers are loyal to a particular seller

---

Definitions:

Tacit Knowledge

Knowledge that is personal, context-specific, and hard to formalize or communicate, often learned through experience.

Practicing the Task

The act of repetitively performing or rehearsing a task to gain proficiency.

Correct Equipment

Appropriate or suitable tools, devices, or instruments required for a specific task or operation to be performed efficiently.

Johari Window

A model that describes the relationship between self-disclosure and self-awareness, used to improve understanding between individuals within a group.