Examlex
Give several reasons why a firm might want to use an EAI rather than ERP.
Elastic
Describes how the amount of a good that is demanded or supplied changes in reaction to a price adjustment.
Imperfectly Competitive
Describes markets where individual sellers have some control over the price of their products, unlike in perfect competition.
Price Takers
Firms or individuals who accept the market price as given and have no influence over it due to the competitive nature of the market.
Close Substitutes
Products or services that can be used in place of each other, with minimal differences perceived by the consumer.
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