Enterprise Resource Planning Software (Such as That Supplied by SAP)is

question 36

Multiple Choice

Enterprise Resource Planning software (such as that supplied by SAP) is unlikely,on its own,to be source of competitive advantage because:

• A)It is expensive to install hence its benefits are offset by its costs
• B)It is available to any firm that wishes to purchase it;hence,it is not scarce
• C)It needs to be updated periodically,hence it lacks durability
• D)Its benefits are limited to those activities that require substantial information processing

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Definitions:

Profits

The financial gain obtained when the revenue earned from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Jeweler

A person or business that designs, makes, sells, or repairs jewelry.

Clothing Store

A retail establishment that sells garments and apparel for men, women, and children.

Utility

Utility refers to the total satisfaction received from consuming a particular good or service.