Doing things more cheaply, quickly, and efficiently through the routinization, standardization, and formalization of what is already known and done is referred to as __________________.

a. Imitation of knowledge
b. Exploration of knowledge
c. Exploitation of knowledge
d. Formalization of knowledge


c. Exploitation of knowledge

Business

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A media strategy is the process of:

A) investigating the media usage of a product's target market B) analyzing and choosing media for an advertising and promotions campaign C) selecting the outlets of each media that will be used for an advertising campaign D) choosing the proper appeal, message, strategy, and execution

Business

Walmart has decided to hire extra clerks during the holiday season. It is said to be ________

A) matching its supply with the existing demand B) generating non-peak demand C) increasing its customer participation D) sharing its services E) facilitating for its future expansion

Business

Financial reports are used by

A) management B) creditors C) investors D) all are correct

Business

No worldwide court has the power to enforce its decrees.

Answer the following statement true (T) or false (F)

Business