Examlex
The primary purpose of an ERP system is integration.
Derived Demand
is the demand for a good or service that results from the demand for another good or service. For instance, the demand for steel is derived from the demand for cars.
Factors of Production
The resources of land, labor, capital, and entrepreneurial ability.
Final Goods
Products that have completed the manufacturing process and are ready to be used or consumed by the end-user.
Derived Demand
A demand for a commodity or service resulting from the demand for something else, typically goods or services used in the production of other goods or services.
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