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ERP Is So Named Because It Attempts to Integrate All

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ERP is so named because it attempts to integrate all the resources of an enterprise into a single information system.


Definitions:

Marginal Benefit

The boost in value or pleasure gained from the consumption of one more unit of a good or service.

Supply and Demand

Fundamental economic principles that describe how prices are determined in a market based on the quantity of a good or service available and desired.

Pollution Rights

Permits or allowances that authorize the holder to emit a certain amount of pollution, often tradeable in a market to encourage reduction of pollution in cost-effective ways.

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