Budget Overruns When Implementing ERP Systems Are Typically Caused By

question 21

Multiple Choice

Budget overruns when implementing ERP systems are typically caused by:

• A)high equipment costs.
• B)high capital interest charges.
• C)the cost of the ERP software
• D)high training costs
• E)the software supports the companies business processes

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Definitions:

Rivalry

Competition between companies in the same industry aimed at achieving higher sales, market share, and recognition by consumers.

Market Share

The portion of a market controlled by a particular company, product, or brand, often expressed as a percentage of total sales.

Competitors

Other businesses or individuals that offer similar products or services within the same market.

Variable Costs

Costs that change in proportion with the level of output or activity.