Question

Which types of systems consolidate the relevant knowledge and experience in the firm to make it available to improve business processes and management decision making

Answer 1

Answer: Knowledge Management System

Explanation: The Knowledge Management System refers to a system for the implementation and application of concepts of knowledge management.

These include market growth targets guided by results, a competitive market prototype, application of business analysis, and much more. A knowledge control system consists of various application modules which are managed by a separate functionality.

Most of these technologies, together with the access or exchange of electronic records, can enable data processing about consumer feedback and history. Such systems can help prepare and direct employees, bring better sales or assist business executives in making critical choices.