When a Small Business Owner Does Not Want to Make

question 72

True/False

When a small business owner does not want to make a pricing decision, he can use a suggested retail pricing strategy.

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Definitions:

Tacit Knowledge

The cumulative store of subjective or experiential learning, which is highly personal and hard to formalize.

Explicit Knowledge

Knowledge that is easily articulated, recorded, or shared, such as facts, instructions, or manuals.

Favorite Meals

Dishes or types of food that an individual prefers or enjoys the most.

Untrusted Sources

Entities or information providers that lack credibility, reliability, or both, and whose content may not be safe to use or believe.