MGT 302 Final: final exam study guide 1
Document Summary
Tacit knowledge information that is intuitive and difficult to articulate or codify in writing can be gained through personal experience or interaction shared knowledge might be dispersed throughout the company. Manufacturing technologies designed to improve job scheduling, reduce setup times, and improve quality control. Allow the company to produce a wider variety of end products at a unit cost that at one time could be achieved only through the mass production of a standardized output. Can increase efficiency and lower unit costs. The production of a wide variety of end products at a unit cost that could once be achieved only through mass production of a standardized output. High ratios: transportation costs account for very little of total cost, electronics and pharmaceuticals have high value-to-weight ratios, pressure to produce these products in the optimal location and serve the world market from there. An asset whose value is contingent upon a particular relationship persisting.
