The Act of Putting a New Product on the Market

question 148

Multiple Choice

The act of putting a new product on the market in order to make profits is called

• A)invention.
• B)innovation.
• C)investment.
• D)development.

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Definitions:

SaaS ERP

Software as a Service-based Enterprise Resource Planning systems that provide business management tools over the internet.

IT Investments

Funds allocated towards information technology resources in an organization, including hardware, software, and services to improve business operations or efficiency.

Cloud-Based ERP

Enterprise Resource Planning systems hosted on cloud infrastructure, offering access to business management software over the Internet.

Scalability

The capability of a system, network, or process to handle a growing amount of work, or its potential to be enlarged to accommodate that growth.