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What Is at the Heart of Any ERP System

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What is at the heart of any ERP system?


Definitions:

ATC

Average total cost, which is the total cost of production divided by the number of goods produced, indicating the average cost per unit.

Profit-maximizing

The process of identifying the output level at which a business can achieve the highest possible profit.

Cost Data

Information related to the expenses incurred in the production, operation, or provision of services, used for analysis and decision-making purposes.

Demand Data

Information on the quantity of a product or service that consumers are willing and able to purchase at various prices during a certain period.

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