In the Context of Electronic Commerce, ERP Is the Acronym

question 59

Multiple Choice

In the context of electronic commerce, ERP is the acronym for _____.

• A) electronic record processing
• B) enterprise resource planning
• C) enterprise record provider
• D) electronic resource provider

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Definitions:

Arbitrage

The simultaneous purchase and sale of an asset in different markets to profit from unequal prices.

Synergies

The combined benefits achieved when two or more entities work together, leading to greater efficiency or productivity than they would separately.

Acquisition

The process of acquiring control of another company or business entity through purchase or merger.

Profitable

Generating income that exceeds the costs and expenses involved in operating, indicating financial success and viability.