Which of the following is an excellent example of a firm's tacit knowledge?
A)The static nature of the firm's resources.
B)Familiarity with the preferences of the firm's customers.
C) Hard-to-imitate aspect of the firm's premier product.
D) The firm's reputation within the industry.

Question

Which of the following is an excellent example of a firm's tacit knowledge?
A)​The static nature of the firm's resources.
B)​Familiarity with the preferences of the firm's customers.
C) ​Hard-to-imitate aspect of the firm's premier product.
D) ​The firm's reputation within the industry.

Quizplus · Accepted Answer

Tacit knowledge refers to knowledge that is difficult to transfer or articulate, and is typically acquired through experience and skills. Familiarity with the preferences of the firm's customers is an example of tacit knowledge because it is based on the firm's experience and interactions with its customers.

Which of the Following Is an Excellent Example of a Firm's