Question

Knowledge capital is nonrival in the sense that Select one: a. firms do not compete to be the first to develop new technologies. b. no single company can be excluded from the benefits of new technologies. c. two people can use the same knowledge to develop and produce a product. d. firms can benefit from the research and development of rival firms without paying for that benefit.

Answer 1

Answer:

C. Two people can use the same knowledge to develop and produce a product

Explanation:

Knowledge capital can be regarded as

the value of an organization which is comprised of its knowledge, learned techniques as well as relationships and innovations. Knowledge capital

can as well be regarded as intellectual capital, which is intangible and brings great value to the company which in turn gives competitive edge over rivals.

It should be noted that Knowledge capital is nonrival in the sense Two people can use the same knowledge to develop and produce a product