Components of an ERP's Architecture Typically Include

question 46

Multiple Choice

Components of an ERP's architecture typically include:

• A)A centralized database and application interfaces
• B)Multiple databases
• C)A centralized database running on a mainframe computer
• D)A UNIX operating system

---

Definitions:

Identical Product

Products that are seen as the same by consumers, with no differentiation between them.

Product Differentiation

Strategies employed by businesses to make their products appear distinct from those of competitors in aspects like quality, design, or other features.

Physical Differences

Refers to the variations in the physical attributes of individuals or objects, including size, shape, and other measurable characteristics.

Monopolistic Competitor

A firm within a competitive market that has the power to influence prices through product differentiation, sitting between perfect competition and monopoly on the spectrum of market structures.